$249,000
$26K PRICE DROP

Estimated payment $1,572/month

Total Views 5,921
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Baseboard Heating
  • 1-minute walk to Reed Street Park

About This Home

Great investment opportunity. Turnkey rental property
Three of the four apartments have had recent updates
Property has a no-smoking and no-pets policy.
Recently re-certified by the city and current rental certification is good through Feb. 28, 2027
Largest apartment has been left available and is ready for an owner-occupant to move-in or rent
Located right across the street from a park and grocery store with convenient access to downtown Kalamazoo and I-94
All new electric service to the building and all new electric panels installed to current code fall '24
Completely new roof and decking in 2022
Building converted to individual electric baseboard heating for each apartment
Spray foam insulation applied in basement and crawlspace in 2025. Owner pays: Water, Sewer, common area electric
Tenant pays: Gas and electric,

Listing Agent

Brett Zabavski

Berkshire Hathaway HomeServices MI License #6501331271 Listed on: 06/06/2025

Berkshire Hathaway HomeServices MI

Co-Listing Agent

Sarah Zabavski

Berkshire Hathaway HomeServices MI License #6501408776

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,947

Year Built

  • Built in 1911

Lot Details

  • 7,275 Sq Ft Lot
  • Lot Dimensions are 53x141

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,947

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1911
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 53x141
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Heat Type:Baseboard: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 249000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Water Body Name: Kalamazoo Lake
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Cable Available, Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 53x141
  • Lot Size Sq Ft: 7275.0

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Trash, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2947.0
  • Tax Year: 2024

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,181 $93,300 $0 $0
2024 $1,181 $73,300 $0 $0
2023 $1,191 $64,700 $0 $0
2022 $2,585 $54,200 $0 $0
2021 $2,500 $49,400 $0 $0
2020 $2,453 $43,500 $0 $0
2019 $2,363 $35,000 $0 $0
2018 $1,928 $30,200 $0 $0
2017 $1,945 $30,900 $0 $0
2016 $1,945 $30,400 $0 $0
2015 $1,945 $29,800 $0 $0
2014 $1,945 $27,200 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Price Changed $249,000 -6.0% --
07/24/2025 07/24/25 Price Changed $265,000 -3.6% --
06/06/2025 06/06/25 For Sale $275,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $95,000 Devon Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,125,000 New Conventional
Closed $90,000 New Conventional
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25026968

Southwestern Michigan Association of REALTORS®

APN: 06-27-229-681