$136,000
SOLD APR 11, 2025
-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

24% Below List Price

95 Days on Market

About This Home

As of April 2025

''Attention local investors! This 1,966+ sq. ft. multi-family property in Kalamazoo's Historic Stuart neighborhood is a prime opportunity just minutes from WMU and Kalamazoo College. Featuring two studio units and two one-bedroom units, each with its own furnace and mini-split system, this property is designed for easy management with separately metered gas and electricity. All units are currently vacant, making it a perfect value-add investment or turnkey rental with the right vision. Being sold as-is—don't miss out on this income-generating potential!''

Last Agent to Sell the Property

Key Bennett

Lukeman Group LLC Listed on: 12/02/2024

Co-Listed By

Madison Lukeman

Lukeman Group LLC License #6501378321

Last Buyer's Agent

Shelby Robinson

Michigan Top Producers-Vicksburg License #6501435795

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 80 x 82

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Hillside Middle School
  • Kalamazoo Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1885
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 45.67
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 80 x 82
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • General Property Info High School: Kalamazoo Central High School
  • General Property Info Middle School2: Hillside Middle School
  • 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
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: ''Attention local investors! This 1,966+ sq. ft. multi-family property in Kalamazoo's Historic Stuart neighborhood is a prime opportunity just minutes from WMU and Kalamazoo College. Featuring two studio units and two one-bedroom units, each with its own furnace and mini-split system, this property is designed for easy management with separately metered gas and electricity. All units are currently vacant, making it a perfect value-add investment or turnkey rental with the right vision. Being sold as-is—don't miss out on this income-generating potential!''
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: No

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 154900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Schools

  • High School: Kalamazoo Central High School
  • Middle/Junior School: Hillside Middle School

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 80 x 82
  • Lot Size Sq Ft: 6534.0

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3742.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2024
Closed on
Apr 9, 2025
Sold by
Mark And Larisa Rappaport Family Living
Bought by
Momcilovic Evan
Seller's Agent
Key Bennett
Lukeman Group LLC
Buyer's Agent
Shelby Robinson
Michigan Top Producers-Vicksburg
List Price
$179,900
Sold Price
$136,000
Premium/Discount to List
-$43,900
-24.4%
Views
38
Current Estimated Value
$155,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,221
Avg. Annual Appreciation
19.85%
Original Mortgage
$129,200
Outstanding Balance
$128,624
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$26,597

Purchase Details

Closed on
Nov 16, 2023
Sold by
Weaver Robert E
Bought by
Mark & Larisa Rappaport Family Living Trust

Purchase Details

Closed on
Sep 8, 2021
Sold by
Anchor Fund Llc
Bought by
Anchor Fund Holdings Llc

Purchase Details

Closed on
Jul 15, 2021
Sold by
Evans Investments Company Llc
Bought by
Anchor Fund Llc

Purchase Details

Listed on
Oct 18, 2016
Closed on
Dec 20, 2016
Sold by
Haas Stephan and Haas Deborah K
Bought by
Evans Investments Company Llc
Seller's Agent
Stephan Haas
Carlson, REALTORS & Development, LLC
Buyer's Agent
Kerry Fischer
Five Star Real Estate
List Price
$47,500
Sold Price
$39,000
Premium/Discount to List
-$8,500
-17.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.51%
Original Mortgage
$40,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2014
Closed on
Mar 12, 2015
Sold by
Cr Homes Llc
Bought by
Haas Stephan
Seller's Agent
Ryan Gehris
USREALTY.COM LLP
Buyer's Agent
Ryan Gehris
USREALTY.COM LLP
List Price
$19,900
Sold Price
$10,000
Premium/Discount to List
-$9,900
-49.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
116.69%

Purchase Details

Listed on
Aug 8, 2014
Closed on
Oct 15, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Cr Homes Llc
Seller's Agent
Korissa Wilkins
Realhome Services and Solutions Inc
List Price
$21,200
Sold Price
$6,500
Premium/Discount to List
-$14,700
-69.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
145.34%

Purchase Details

Closed on
Feb 7, 2013
Sold by
Sonneville Walker J and Sonneville Anna E
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 19, 2006
Sold by
Nieuwenhuis Anton R and Nieuwenhuis Jacqueline K
Bought by
Sonneville Walker J and Sonneville Anna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
6.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $136,000 None Listed On Document
Sheriffs Deed $138,795 None Listed On Document
Quit Claim Deed -- None Available
Sheriffs Deed $99,000 None Available
Warranty Deed $39,000 Attomeys Title Agency
Deed $10,000 Midstate Title Agency
Quit Claim Deed $6,500 Premium Title Services Inc
Sheriffs Deed $23,455 None Available
Warranty Deed $89,000 Devon Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $129,200 New Conventional
Previous Owner $40,000 New Conventional
Previous Owner $71,200 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2025 04/11/25 Sold $136,000 -12.2% --
03/07/2025 03/07/25 Pending -- -- --
02/04/2025 02/04/25 Price Changed $154,900 -8.8% --
01/17/2025 01/17/25 Price Changed $169,900 -5.6% --
12/02/2024 12/02/24 For Sale $179,900 +361.3% --
12/20/2016 12/20/16 Sold $39,000 -17.9% -- View Prior Sale
11/11/2016 11/11/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $47,500 +375.0% --
03/17/2015 03/17/15 Sold $10,000 -49.7% -- View Prior Sale
01/12/2015 01/12/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $19,900 +206.2% --
09/24/2014 09/24/14 Sold $6,500 -69.3% $3 / Sq Ft View Prior Sale
09/20/2014 09/20/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $21,200 -- $11 / Sq Ft
Source: MichRIC

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 $1,171 $69,700 $0 $0
2024 $3,341 $58,700 $0 $0
2023 $2,209 $54,600 $0 $0
2022 $2,684 $44,600 $0 $0
2021 $2,828 $43,200 $0 $0
2020 $4,656 $42,000 $0 $0
2019 $2,465 $36,700 $0 $0
2018 $2,527 $32,900 $0 $0
2017 $2,175 $34,100 $0 $0
2016 $2,175 $34,000 $0 $0
2015 $2,175 $31,600 $0 $0
2014 $2,175 $28,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24061509

MichRIC

APN: 06-16-257-007