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Est. payment | /mo
29,040 SqFt
$ 2,100,000
Est. payment | /mo
29,040 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 29,040 sqft
Price per Sqft $72
MLS Listing ID 70485795
Year Built 1969
Annual Tax Amount $31,663
Tax Year 2024
Lot Size 7.650 Acres
Acres 7.65
Lot Dimensions Irregular
Property Sub-Type Multi-Family
Property Description
Exceptional 40-unit apartment complex spanning 5 well-maintained buildings on 7.65 acres, offering both strong current income and future growth potential. All units are spacious 2-bed/1-bath with many updates, new windows, and steady occupancy. Annual gross rents approach $400,000, and the recent appraisal of $2,480,000 underscores the value at this price. Amenities include coin-operated laundry, tenant storage in the basement, and an on-site office. Ample land provides an opportunity for expansion or additional units, making this a prime value-add investment with immediate income and long-term upside.
Location
State MI
County Kalamazoo
Area Kalamazoo Twp (39007)
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Parking Features Carport
Building
Foundation Basement, Crawl
Structure Type Brick
Schools
School District Comstock Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Keller Williams GR East
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