NOT LISTED FOR SALE

Estimated Value: $251,419 - $335,000

-- Bed
-- Bath
-- Sq Ft
0.3 Acres

Last Sold October 01, 2024

Last sale price $325,000

Est. 4% decrease in value since last sale

Current estimated payment $2,136/month

9 Days on Market

Highlights

  • 1 Fireplace
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities
  • Corner Lot: Yes
  • Baseboard Heating
  • High Speed Internet

About This Home

As of October 2024

MULTIFAMILY INVESTMENT OPPORTUNITY: This multifamily property offers 4 units of approx. 900 SF - 2 units are garden-level - featuring 2 bedrooms/1 bathroom with exterior entrance, gas boiler baseboard heat, split-system wall A/C units, and 1 unit with dishwasher. Building is stick-built, vinyl-sided, 2-story construction situated on a 0.30-acre parcel on Kalamazoo's northwest side. Additional amenities include interior common entrance, common-area stackable washer/dryer, on-site parking (approx. 10 spaces), and common-area janitorial, lawncare, and parking lot snow removal services. Tenants are responsible for unit electric, telephone, cable/data, and rental insurance. Location offers a suburban feel close to downtown Kalamazoo, WMU and Kalamazoo College, as well as the W. Main St./N. Drake Rd. retail corridor. Great rental history. 100% occupied with month-to-month leases.

Last Agent to Sell the Property

Jodi Milks

NAI Wisinski of West Michigan License #6502339107 Listed on: 07/31/2024

NAI Wisinski of West Michigan

Last Buyer's Agent

Jeff Bertolissi

Berkshire Hathaway HomeServices MI License #6502334351

Berkshire Hathaway HomeServices MI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,479

Year Built

  • Built in 1974

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 110.50' x 130'
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Parking

  • 10 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for trash collection, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,479

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1974
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 110.50' x 130'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 5479.0
  • Tax Info:Zoning3: RM-1
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Substructure:Slab: Yes
  • Heat Type:Baseboard: Yes
  • Laundry Features Common Area: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Broadband
  • Fireplaces: 1
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 329000.0
  • Lot Features: Level, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Baseboard
  • Heating: Yes
  • Laundry Features: Common Area, See Remarks
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Dimensions: 110.50' x 130'
  • Lot Size Sq Ft: 13068.0
  • Zoning Description: RM-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 5479.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2024
Closed on
Oct 1, 2024
Sold by
Darcy Enterprises Inc
Bought by
White Jesse Justin
Seller's Agent
Jodi Milks
NAI Wisinski of West Michigan
Buyer's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
List Price
$329,000
Sold Price
$325,000
Premium/Discount to List
-$4,000
-1.22%
Views
11
Current Estimated Value
$313,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,645
Avg. Annual Appreciation
-3.58%
Original Mortgage
$291,005
Outstanding Balance
$288,009
Interest Rate
6.46%
Mortgage Type
FHA
Estimated Equity
$25,346

Purchase Details

Closed on
Aug 13, 2010
Sold by
Pavlack Thomas C and Pavlack Darcy A
Bought by
Darcy Enterprises Inc

Purchase Details

Closed on
Oct 8, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 1, 2009
Sold by
Zientek Steven and Zientek Gayle
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
May 19, 2006
Sold by
Graver Bob and Graver Lisa
Bought by
Zientek Steven A and Zientek Gayle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2006
Sold by
Koster Steven J
Bought by
Graver Bob and Graver Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,920
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
White Jesse Justin -- Sun Title Agency Of Michigan
Darcy Enterprises Inc -- None Available
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $182,930 None Available
Zientek Steven A $200,000 Chicago Title
Graver Bob $169,900 Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Jesse Justin $291,005
Previous Owner Zientek Steven A $180,000
Previous Owner Graver Bob $135,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $325,000 -1.2% --
08/09/2024 08/09/24 Pending -- -- --
07/31/2024 07/31/24 For Sale $329,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

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 $5,743 $106,100 $0 $0
2024 $810 $104,800 $0 $0
2023 $772 $99,000 $0 $0
2022 $5,234 $89,300 $0 $0
2021 $4,958 $84,300 $0 $0
2020 $4,878 $79,300 $0 $0
2019 $4,697 $75,400 $0 $0
2018 $4,577 $67,200 $0 $0
2017 $0 $67,200 $0 $0
2016 -- $63,400 $0 $0
2015 -- $62,400 $0 $0
2014 -- $59,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24039575

Southwestern Michigan Association of REALTORS®

APN: 06-05-310-270