1710 E G Avenue Active Save Request In-Person Tour Request Virtual Tour
Parchment,MI 49004
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65024056680
Bedrooms 2
Year Built 1973
Annual Tax Amount $16,700
Lot Size 0.860 Acres
Property Description
This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping.This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.
Location
State MI
County Kalamazoo
Area Parchment
Zoning Other
Interior
Heating Baseboard,Hot Water
Cooling Wall Unit(s)
Exterior
Garage Spaces 32.0
Roof Type Composition
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Parchment
Others
Acceptable Financing Assumable (Asm-Lend App),Cash,Other
Listing Terms Assumable (Asm-Lend App),Cash,Other