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$ 1,290,000
Est. payment | /mo
0.86 Acres Lot
$ 1,290,000
Est. payment | /mo
0.86 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70542213
Year Built 1973
Annual Tax Amount $17,099
Tax Year 2025
Lot Size 0.860 Acres
Acres 0.86
Property Sub-Type Multi-Family
Property Description
16 unit multi-family property offering a fantastic investment opportunity. 14 of 16 units currently rented at less than market rents so there is room for value add. Owner is willing to do seller financing and the current mortgage is assumable with a 6.11% interest rate. There are 11 units with 2 bedroom and 1 bath and 5 units with 1 bedroom, 1 bath. The majority of the units have interiors that have been recently renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!
Location
State MI
County Kalamazoo
Area Parchment (39025)
Interior
Heating Baseboard, Hot Water
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Parchment School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by ReSIDE Grand Rapids
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