Property Type:
Multi Family
Lot Size (sq. ft.):
9,583
Status:
Active
Current Price:
$375,000
List Date:
9/02/2026
Last Modified:
9/17/2026
Overview
Description
Two historic buildings, one turnkey income stream near downtown Kalamazoo. Built in 1912, six fully-occupied units (four 2-bed, two 1-bed) sit walking distance to WMU, Kalamazoo College, and Bronson Hospital, right on the bus line — a tenant mix that spans students, hospital staff, and young professionals. Sold at $375,000 — roughly $62,500/door, a basis that leaves room for long-term rent growth. Tenants cover gas and electric; owner pays only water. Shared coin-op laundry adds ancillary income. Separate heat systems per unit isolate maintenance and reduce turnover friction, while public water/sewer and paved off-street parking keep upkeep low. A clean, cash-flowing asset in one of Kalamazoo's most consistently rentable pockets.
Last Updated: September - 17 - 2026
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