$475,000
Kalamazoo, MI 49007
MLS# 26013773
1 / 36
Property Description
This well-maintained 8-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $6,350. Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.
Details
Maps
Location & Property Info
Cross Streets: W Walnut St and W Cedar St
Property Sub-Type: 5+ Units
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 134.71
General Property Info
New Construction: No
Lot Dimensions: 66 x 165
Financial Available: Yes
Road Frontage: 66
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-07-31
Waterfront: No
Basement: Yes
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3526
Total Parking Spaces: 12
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 10890
Lot Acres: 0.25
Year Built: 1924
Tax Info
Taxable Value: 139639
SEV: 140200
For Tax Year: 2026
Seller's Annual Property Tax: 9399.72
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: R
Tax ID #: 39-06-21-238-339
Remarks & Misc
Public Remarks: This well-maintained 8-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $6,350.
Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.
Legal: 50072 WELCHS ADDITION LOT 339
Street Type
Public: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Basement: 1
Laundry Room: 1
Exterior Material
Brick: 1
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Unpaved: 1
Substructure
Full: 1
Extras
Laundry Facility: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: Unit #1
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit Description: Unit #2
SqFt: 0
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit Description: Unit #3
SqFt: 0
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 4
Unit Description: Unit #4
SqFt: 0
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit Description: Unit #5
SqFt: 0
Occupied: Yes
Monthly Rent: 750
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 6
Unit Description: Unit #6
SqFt: 0
Occupied: Yes
Monthly Rent: 750
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 7
Unit Description: Unit #7
SqFt: 0
Occupied: Yes
Bedrooms: 1
Refrigerator: 1
Monthly Rent: 800
Range/Oven: 1
Unit 8
Unit Description: Unit #8
SqFt: 0
Occupied: Yes
Monthly Rent: 750
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Location Property Info
County: Kalamazoo
Street #: 521
Street Name: Pearl
Suffix: Street
State: MI
Zip Code: 49007
Zip (4): 5082
OfficeContract Info
Status: Active
Current Price: $475,000
List Price: $475,000
Listing Date: 2026-04-06
Property Features
Laundry Features: In Basement; Laundry Room
Exterior Material: Brick; Wood Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Laundry Facility
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Unpaved
Street Type: Public
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator
Unit 5: Range/Oven; Refrigerator
Unit 6: Range/Oven; Refrigerator
Unit 7: Refrigerator; Range/Oven
Unit 8: Range/Oven; Refrigerator
Listing Office: Five Star Real Estate
Listing Agent: Adam Atwood
Last Updated: April - 06 - 2026
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