3419 W Michigan Avenue Active Save Request In-Person Tour Request Virtual Tour
Kalamazoo,MI 49006-5425
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,415 sqft
Price per Sqft $121
Subdivision Mi
MLS Listing ID 70492392
Year Built 1927
Annual Tax Amount $10,110
Tax Year 2024
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 86x232
Property Sub-Type Multi-Family
Property Description
Investment-minded buyers--take note! With its proven rental history and prime location within walking distance of Western Michigan University, this certified rental property offers strong cash flow and upside potential. Currently leased to single families at $3,650/month combined, it previously operated as student housing for up to 11 tenants, projecting $62,700-$79,200 annually (approx. 11-15% cap rate) at the new $415,000 price point.Certified with the City of Kalamazoo through Oct 2026, 3419 W Michigan Ave features two connected dwellings joined by a lockable enclosed corridor, allowing use as one large dwelling or two separate spaces. Together they offer 11 bedrooms, 5 baths, updated flooring, modern kitchens with newer appliances and countertops, and in-unit laundry in each dwelling--a rare feature in student housing. Sitting on a 0.43-acre lot with 10 parking spots and full basements, this turnkey property offers excellent student housing potential in the WMU corridor.
Location
State MI
County Kalamazoo
Area Kalamazoo (39022)
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Kalamazoo Public School District
Others
Energy Description Natural Gas
Financing Cash,Conventional