$400,000
Kalamazoo, MI 49001
MLS# 25040142
1 / 30
Property Description
Introducing a fully renovated 6-unit property in Kalamazoo, blending modern convenience with timeless charm! This turnkey investment is fully leased and brings in over $5,400 in monthly rental income. Each unit has separate electric service, boosting both tenant satisfaction and operational efficiency. With immediate cash flow and strong potential for future value growth, this property is a standout addition to any rental portfolio. Don't wait—opportunities like this are hard to find! Portfolio Option: MLS 25040138, 25040142, 25040146
Details
Maps
Location Property Info
County: Kalamazoo
Street #: 922
Street Direction: S
Street Name: Park
Suffix: Street
State: MI
Zip Code: 49001
Zip (4): 5618
OfficeContract Info
Status: Active
Current Price: $400,000
List Price: $400,000
Listing Date: 2025-08-08
General Property Info
Lot Measurement: Acres
Lot Square Footage: 10019
Lot Acres: 0.23
Lot Dimensions: 73 x 165
Year Built: 1905
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2025-11-27
Road Frontage: 73
Total # Units: 6
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
Total Parking Spaces: 7
Waterfront: No
School District: Kalamazoo
Tax Info
Tax ID #: 06-22-166-012
Taxable Value: 116600
SEV: 116600
For Tax Year: 2024
Seller's Annual Property Tax: 8070
Tax Year: 2024
Spec Assessment & Ty: none known
Zoning: R
Remarks Misc
Directions: Park street south pass Burr Oak to property.
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Annual Mgmt. Fees: 3222.4
Annual Utilities: 6610.71
Gross Op. Inc.: 42678.23
Net Operating Income: 20442.56
Operating Expense: 22235.67
Unit 1
Unit Description: Unit 1
SqFt: 324
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit 2
SqFt: 471
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: Unit 3
SqFt: 477
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: Unit 4
SqFt: 460
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: 2N
SqFt: 546
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: Unit 6
SqFt: 780
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Flag Lot
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; Storm Sewer
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Gravel; Shared Unpaved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
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
Listing Office: Keller Williams GR East
Listing Agent: Lucas Howard
Last Updated: January - 27 - 2026
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