4238 Moreland St Kalamazoo, MI 49001
Milwood NeighborhoodEstimated payment $3,926/month
Highlights
- 2 Fireplaces
- Window Unit Cooling System
- Hot Water Heating System
About This Home
Excellent investment opportunity! This well-maintained two-building, eight-unit apartment complex offers strong income with $88,800 in gross annual rents and full occupancy. Features include six 2-bedroom units and two 1-bedroom units, a laundry room with coin-operated washer and dryer, and covered carports. Recent updates include newer windows and roofs, reflecting the pride of ownership throughout. Solid brick construction and rental certified through 2027 provide peace of mind for investors. Convenient layout and well-kept condition make this a turnkey addition to any portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,935
Year Built
- Built in 1960
Lot Details
- 0.36 Acre Lot
- Lot Dimensions are 60x264
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Aluminum Siding
Interior Spaces
- 2 Fireplaces
- Laundry on lower level
Parking
- 8 Parking Spaces
- Carport
- Driveway
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Hot Water Heating System
- Cable TV Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer, gas
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- Insurance Expense $5,975
- Manager Expense $2,797
- Utility Expense $11,498
- Gross Income $79,900
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,408 | $135,600 | $0 | $0 |
| 2024 | $2,408 | $125,300 | $0 | $0 |
| 2023 | $2,295 | $110,700 | $0 | $0 |
| 2022 | $5,270 | $95,400 | $0 | $0 |
| 2021 | $5,097 | $88,800 | $0 | $0 |
| 2020 | $5,001 | $80,900 | $0 | $0 |
| 2019 | $4,817 | $72,900 | $0 | $0 |
| 2018 | $4,705 | $76,900 | $0 | $0 |
| 2017 | $4,746 | $73,600 | $0 | $0 |
| 2016 | $4,746 | $71,700 | $0 | $0 |
| 2015 | $4,746 | $70,500 | $0 | $0 |
| 2014 | $4,746 | $71,100 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 08/05/2025 08/05/25 | For Sale | $550,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,100,000 | New Conventional | |
| Previous Owner | $650,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $919,925 | Future Advance Clause Open End Mortgage |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25039141
APN: 06-35-451-382
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Information is deemed reliable but not guaranteed.
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