$500,000
Kalamazoo, MI 49007
MLS# 26020369
1 / 44
Property Description
7-unit value-add opportunity in the heart of Kalamazoo with multiple paths to ownership and strong upside potential. This property includes two buildings (4-unit and 3-unit) on one parcel, offering flexibility for owner-occupants, investors, or those looking to grow their portfolio. The property presents a clear opportunity to increase income through lease-up and operational improvements. Several units have been updated while others provide a path for continued improvements and repositioning. Located near Western Michigan University, Kalamazoo College, downtown, and major amenities, the property benefits from consistent rental demand and long-term growth potential. Seller is offering flexible purchase options including land contract terms and is open to DSCR financing buyers. Ideal for owner-occupants looking to live in one unit while stabilizing the remaining units.
Details
Maps
Location & Property Info
Cross Streets: Stadium Dr & Lovell St
Property Sub-Type: 5+ Units
Municipality: Kalamazoo City
Ownership Type: Broker/Agent Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 66x132
Road Frontage: 66
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 7
# of Diff Unit Floor Plans: 7
Total # Bldgs: 2
Total Parking Spaces: 8
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 8712
Lot Acres: 0.2
Year Built: 1865
Tax Info
Taxable Value: 84812
SEV: 207200
For Tax Year: 2025
Seller's Annual Property Tax: 5709
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Zoning: Residential
Tax ID #: 06-21-235-434
Remarks & Misc
Public Remarks: 7-unit value-add opportunity in the heart of Kalamazoo with multiple paths to ownership and strong upside potential. This property includes two buildings (4-unit and 3-unit) on one parcel, offering flexibility for owner-occupants, investors, or those looking to grow their portfolio.
The property presents a clear opportunity to increase income through lease-up and operational improvements. Several units have been updated while others provide a path for continued improvements and repositioning. Located near Western Michigan University, Kalamazoo College, downtown, and major amenities, the property benefits from consistent rental demand and long-term growth potential.
Seller is offering flexible purchase options including land contract terms and is open to DSCR financing buyers. Ideal for owner-occupants looking to live in one unit while stabilizing the remaining units.
Legal: 50428 WELCHS ADDITION LOT 434.
Waterfront Options
Water Access Y/N: No
Income and Expenses
Annual Insurance: 5811.72
Annual Maintenance: 3300
Annual Mgmt. Fees: 5604.9
Annual Utilities: 9900
Gross Op. Inc.: 65940
Street Type
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone 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
Assumable: 1
Cash: 1
Conventional: 1
FHA: 1
Land Contract: 1
Land Contract Down Payment: 160000
Land Contract Interest Rate: 7%+
Land Contract Monthly Payment: 3800
Lease Purchase: 1
VA Loan: 1
Other: 1
Laundry Features
Common Area: 1
In Basement: 1
Laundry Room: 1
Exterior Material
Stucco: 1
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Window Unit(s): 1
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
None: 1
Driveway
Asphalt: 1
Substructure
Full: 1
Michigan Basement: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: #1
SqFt: 700
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: #2
SqFt: 600
Occupied: No
Monthly Rent: 795
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 3
Unit #: 3
Unit Description: #3
SqFt: 600
Occupied: Yes
Monthly Rent: 755
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 4
Unit #: 4
Unit Description: #4
SqFt: 600
Occupied: No
Monthly Rent: 795
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit #: 5
Unit Description: #5 Long-term Tenant
SqFt: 500
Occupied: Yes
Monthly Rent: 725
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 6
Unit #: 6
Unit Description: #6
SqFt: 650
Occupied: Yes
Monthly Rent: 775
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 7
Unit #: 7
Unit Description: #7 Long-term tenant
SqFt: 750
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Refrigerator: 1
Monthly Rent: 825
Range/Oven: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kalamazoo
Street #: 809-807
Street Direction: W
Street Name: Cedar
Suffix: Street
State: MI
Zip Code: 49007
Zip (4): 6009
OfficeContract Info
Status: Active
Current Price: $500,000
List Price: $500,000
Listing Date: 2026-05-06
Remarks Misc
Directions: Stadium to Lovell, East on Lovell to Davis, South on Davis to Cedar, East on Cedar to address.
Property Features
Laundry Features: Common Area; In Basement; Laundry Room
Exterior Material: Stucco; Wood Siding
Roofing: Composition
Substructure: Full; Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas; None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s); None
Driveway: Asphalt
Street Type: Public
Terms Available: Assumable; Cash; Conventional; FHA; Land Contract; Lease Purchase; VA Loan; Other
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Washer/Dryer
Unit 2: Range/Oven; Refrigerator; Washer/Dryer
Unit 3: Range/Oven; Refrigerator; Washer/Dryer
Unit 4: Range/Oven; Refrigerator
Unit 5: Range/Oven; Refrigerator; Washer/Dryer
Unit 6: Range/Oven; Refrigerator
Unit 7: Refrigerator; Range/Oven; Washer/Dryer
Supplements
To support lease-up, seller is offering a structured income support credit for any vacant units at the time of closing, providing added confidence during the transition period.
Off-street parking, functional unit layouts, and a location that continues to see strong rental demand make this a compelling opportunity for buyers ready to execute. Property is city-certified. Rent roll and financials available upon request.
Seller is a licensed real estate agent in the State of Michigan
Listing Office: Keller Williams Professionals
Listing Agent: Jeffrey Glover
Last Updated: May - 08 - 2026
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