755 Portage Street, Kalamazoo, MI 49001
- $309,000
- 3
- BA
- List Price
- $309,000
- Price Change
- ▼ $8,000 1783619310
- Days on Market
- 71
- MLS#
- 26023682
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 3
- Full-baths
- 3
Property Description
Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit. Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.
Additional Information
- Taxes
- $2,821
- Acres
- 0.10
- Heating
- Forced Air
- Roofing
- Rubber, Composition
- School District
- Kalamazoo
- Tenant Pays
- Electricity, Janitorial Service, Trash Collection, Common Area Maintenance, Gas
- Total Parking Spaces
- 6
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Darryl A Matthews Jr from Listing Office: Keller Williams GR East.
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