$389,900
Kalamazoo, MI 49006
MLS# 26018035
Status: Pending
1 / 12
Property Description
Investor opportunity you don't want to miss. This fully occupied 6-unit sits right next to Kalamazoo College and just minutes from downtown, keeping rental demand strong year-round. All units feature the same floor plan for operational simplicity, and all tenants are currently month-to-month, giving you the flexibility to increase rents and improve cash flow right away. Recent updates include a new garage door (2025) and coin-operated washer (2024). Solid income, prime location, and clear upside potential make this a great addition to any portfolio.
Details
Maps
Location & Property Info
Cross Streets: W Lovell St & W Michigan Ave
Property Sub-Type: 5+ Units
Municipality: Kalamazoo City
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 66x99
Road Frontage: 66
Waterfront: No
Basement: No
Total # Units: 6
# of Diff Unit Floor Plans: 0
Total # Bldgs: 1
Total Parking Spaces: 8
School District: Kalamazoo
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 6534
Lot Acres: 0.15
Year Built: 1960
Tax Info
Taxable Value: 80558
SEV: 112800
For Tax Year: 2026
Seller's Annual Property Tax: 5422.73
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Zoning: RM15C
Tax ID #: 06-21-127-008
Remarks & Misc
Public Remarks: Investor opportunity you don't want to miss. This fully occupied 6-unit sits right next to Kalamazoo College and just minutes from downtown, keeping rental demand strong year-round. All units feature the same floor plan for operational simplicity, and all tenants are currently month-to-month, giving you the flexibility to increase rents and improve cash flow right away. Recent updates include a new garage door (2025) and coin-operated washer (2024). Solid income, prime location, and clear upside potential make this a great addition to any portfolio.
Legal: 16508 COLLEGE ADDITION, LIBER 4 OF PLATS PAGE 1; THE WEST 1/2 OF LOT 2
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
Income and Expenses
Annual Insurance: 2748
Gross Op. Inc.: 39550
Net Operating Income: 6849
Operating Expense: 32700.87
Street Type
Paved: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Other: 1
Mineral Rights
Unknown: 1
Laundry Features
Common Area: 1
Exterior Material
Brick: 1
Concrete: 1
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Radiant: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Slab: 1
Extras
Garages: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: A
SqFt: 400
Occupied: Yes
Monthly Rent: 595
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit Description: B
SqFt: 400
Monthly Rent: 610
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Garage: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit Description: C
SqFt: 400
Monthly Rent: 610
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Garage: 1
Refrigerator: 1
Unit 4
Unit Description: D
SqFt: 400
Monthly Rent: 575
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit Description: E
SqFt: 400
Monthly Rent: 650
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 6
Unit Description: F
SqFt: 400
Monthly Rent: 595
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Kalamazoo
Street #: 411
Street Name: Stanwood
Suffix: Street
State: MI
Zip Code: 49006
Zip (4): 4543
OfficeContract Info
Status: Pending
Current Price: $389,900
List Price: $389,900
Listing Date: 2026-04-25
Remarks Misc
Directions: Located west of downtown Kalamazoo near Kalamazoo College on Stanwood St.
Status Change Info
Under Contract Date: 2026-04-28
Property Features
Laundry Features: Common Area
Exterior Material: Brick; Concrete; Vinyl Siding
Roofing: Composition
Substructure: Slab
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Garages
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Baseboard; Radiant
Air Conditioning: Window Unit(s)
Driveway: Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Garage; Range/Oven; Refrigerator
Unit 3: Range/Oven; Garage; Refrigerator
Unit 4: Range/Oven; Refrigerator
Unit 5: Range/Oven; Refrigerator
Unit 6: Range/Oven; Refrigerator
Listing Office: Jaqua, REALTORS
Listing Agent: Mark E Peterson
Last Updated: April - 28 - 2026
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