612 Douglas Avenue Kalamazoo, MI ^$ 330,000

612 Douglas Avenue

^$ 330,000

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612 Douglas Avenue

Kalamazoo, MI, 49007

^$ 330,000

Studio Baths0.0

Monthly Estimate*

^$ 2,193

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Studio

Multi-Family Home for sale in Kalamazoo, MI

for $330,000. This home was built in 1905 on a lot size of 0.25.

Dive into an exceptional investment opportunity with this city-certified, recently remodeled 4-unit rental property, strategically located in the heart of Kalamazoo's bustling area. This property stands out as a lucrative investment, offering the potential for conversion back to its original 5-unit setup with minimal effort, presenting an even greater income potential for the astute investor.Currently, the building features an attractive array of units: two expansive 2-bedroom units with rental possibilities reaching $1,100 or more, alongside two inviting 1-bedroom units that could command $800 or more. There's also potential to re-establish a charming studio apartment, which could easily fetch $600 or more, thereby enhancing the property's rental diversity and appeal.

Multi-Family Pending

Price

^$ 330,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 8,844

Style

Lot Size

0.25

Year Built

1905

Town/City

Kalamazoo

County/Region

Kalamazoo

MLS | Web ID

70393798

Features

General

Heating Radiant

Possession At Close

Water Public Water

Status Pending Pending

Year Built 1905

County Kalamazoo

Class MULTIFAMILY

Type Multi-Family

Net Income 23962

Municipality Kalamazoo

Subdivision MI

Area Kalamazoo (39022)

Primary City Kalamazoo

Directions South on Douglas to Home (E side of street)

City Kalamazoo

School District Kalamazoo Public School District

Street Name Douglas

Financial Terms Cash Conventional FHA VA

Legal Description 4582 COM ON E LI DOUGLAS AVEAT A PT 108 1/2FT S OF S LI NORTH ST TH E PAR WITH S LI NORTH ST 44.08FT TH S PAR WITH E LI DOUGLAS AVE 7 1/2 FT TH E 139.28FT TH S PAR WITH E LI DOUGLAS AVE 68.41 FT TH W

DOM 53

Postal Code 49007

Coming Soon Dive into an exceptional investment opportunity with this city-certified recently remodeled 4-unit rental property

Interior

Basement MI Basement

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Wood

Frontage 81

Lot Size Area 0.25

Lot Dimensions 81*132

Waterfront Y/N No

* Excluded Features

List By

Zac Folsom

Listing Agent

Zac Folsom Group

Broker

info@zacfolsom.com

Affordability Calculator

$2,930

Per Month

Monthly Principal & Interest: $2,193
Monthly Property Taxes: $737
Monthly Home Insurance: --

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Down Payment

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Kalamazoo, MI

Average List Price ^$341,613

Percent of Sale Price 4%

About Kalamazoo, MI

75,079 Population

-3% Since 2002

^$36,632 Median Income

29.48 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2662308 Elementary School

2662311 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/8/2024	$330,000		Listed Price

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612 Douglas Avenue, Kalamazoo, MI, 49007 is a Multi-Family Home for sale at $330,000 with a lot size of 0.25. 612 Douglas Avenue is a studio with 0.0 baths and was built in 1905. The property's zip code is 49007 which is in Kalamazoo, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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612 Douglas Avenue

Multi-Family Home for sale in Kalamazoo, MI

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