REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 125,000
Est. payment /mo
Active
1208 Princeton Avenue Kalamazoo, MI 49007-3466
3,920 Sqft Lot
UPDATED:
02/19/2025 01:19 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70452653
Year Built 1905
Annual Tax Amount $2,726
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 33*115.5
Property Sub-Type Multi-Family
Property Description
This well-maintained duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. With two spacious 2-bedroom, 1-bathroom units, this property has consistently generated steady rental income, making it an attractive option for both seasoned investors and those looking to grow their portfolio.The lower-level unit, which has been rented for $950 per month, will be vacant in March, presenting the perfect opportunity for an owner-occupant or a new tenant at market rent. The upper-level unit is currently occupied at $800 per month. This brings the total gross rental income to $1,750 per month, or $21,000 annually.The owner currently covers gas, electric, and water expenses, which average $350 per month or
Location
State MI
County Kalamazoo
Area Kalamazoo (39022)
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Aluminum
Building
Foundation Basement
Water Public Water
Structure Type Aluminum
Schools
School District Kalamazoo Public School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Zac Folsom Group