$399,900
Est. payment /mo
6,969 Sqft Lot
Pending
830 W Main ST Kalamazoo City, MI 49006
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 66026009235
Year Built 1885
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type MultiFamily
Property Description
Located in one of Kalamazoo's most desirable rental corridors, this fully leased 6-unit investment property sits directly across the street from Kalamazoo College and within walking distance to Downtown Kalamazoo, making it an ideal location for students and young professionals alike. The property features a diverse unit mix consisting of two 2-bedroom apartments, one 1-bedroom unit, and three studio units, providing strong rental demand and diversified income streams. The building is fully occupied and currently generating $4,905 per month in gross rental income, offering investors immediate cash flow from day one. Significant capital improvements have already been completed, including a new boiler installed in 2026, updated electrical systems, and recent paint and flooring updates throughout the property. Additional value-add features include a newly installed coin-operated laundry room, providing a convenient amenity for tenants while generating additional income for ownership. Withits prime college location, strong rental history, and recent mechanical and cosmetic updates, this property represents a turn-key investment opportunity in the heart of Kalamazoo's high-demand rental market.
Location
State MI
County Kalamazoo
Area Area39062Kalamazoo
Rooms
Basement Full
Interior
Heating Natural Gas, Steam
Fireplace No
Exterior
Parking Features Unpaved
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Kalamazoo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Adam Atwood of Five Star Real Estate
NEARBY SCHOOL & BUSINESS
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