$415,000
Kalamazoo, MI 49006
MLS# 25045736
1 / 21
Property Description
Investment-minded buyers—take note! With its proven rental history and prime location within walking distance of Western Michigan University, this certified rental property offers strong cash flow and upside potential.Previously operated as student housing for up to 11 tenants, projecting $62,700-$79,200 annually (approx. 11-15% cap rate) at the new $415,000 price point. Certified with the City of Kalamazoo through Oct 2026, 3419 W Michigan Ave features two connected dwellings joined by a lockable enclosed corridor, allowing use as one large dwelling or two separate spaces. Together they offer 11 bedrooms, 5 baths, updated flooring, modern kitchens with newer appliances and countertops, and in-unit laundry in each dwelling—a rare feature in student housing. Sitting on a 0.43-acre lot with 10 parking spots and full basements, this turnkey property offers excellent student housing potential in the WMU corridor.
Details
Maps
Location Property Info
County: Kalamazoo
Street #: 3419
Street Direction: W
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 49006
Zip (4): 5425
OfficeContract Info
Status: Active
Current Price: $415,000
List Price: $415,000
Listing Date: 2025-09-06
General Property Info
Lot Measurement: Acres
Lot Square Footage: 18861
Lot Acres: 0.43
Lot Dimensions: 86x232
Year Built: 1927
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-10-26
Road Frontage: 87
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 3415
Total Parking Spaces: 10
Waterfront: No
School District: Kalamazoo
Tax Info
Tax ID #: 06-19-447-001
Taxable Value: 140834
SEV: 146400
For Tax Year: 2024
Seller's Annual Property Tax: 10110.58
Tax Year: 2024
Spec Assessment & Ty: none known
Zoning: RM15
Remarks Misc
Directions: Take Howard St north to W Michigan, turn left onto W Michigan. The property will be on the left just before Kenbrooke Ct
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit #: 3419
Unit Description: 3419
SqFt: 1492
Occupied: Yes
Monthly Rent: 1700
Bedrooms: 5
Bathrooms: 2
Full Baths: 2
Unit 2
Unit #: 3421
Unit Description: 3421
SqFt: 1900
Occupied: Yes
Monthly Rent: 1950
Bedrooms: 6
Bathrooms: 3
Full Baths: 3
Property Features
Exterior Material: Vinyl Siding
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office: Michigan Top Producers
Listing Agent: Dustin Phillips
Last Updated: February - 09 - 2026
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