1208 Princeton Avenue, Kalamazoo, MI 49007 - MLS#66025033247

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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$140,000

Est. payment - /mo

2 Beds

3,920 Sqft Lot

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Fletchers Addition

MLS Listing ID 66025033247

Bedrooms 2

Year Built 1905

Annual Tax Amount $2,718

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 33x115.5

Source Greater Kalamazoo Association of REALTORS®

Property Description

This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo.This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. Featuring a brand-new front porch, this property provides great curb appeal and immediate peace of mind. With two spacious 2-bedroom, 1-bathroom units, this property has consistently generated steady rental income. The lower-level unit ($950/month) is perfect for an owner-occupant or a new tenant at market rent. The upper unit has been rented consistently at $800/month, bringing the total gross income to $21,000 annually.
The owner covers gas, electric, and water ($350/month), leaving a strong net operating income of $16,800. Priced at $140,000, this property boasts an impressive 12% cap rate, making it a rare find in today's market.
A new two-year city certification is already in place. If desired, tenants are ready to move into the lower unit for a seamless transition.

Location

State MI

County Kalamazoo

Area Kalamazoo

Direction Douglas to W Paterson to Princeton to home.

Interior

Interior Features Laundry Facility

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Roof Type Composition

Road Frontage Pub. Sidewalk

Garage no

Private Pool No

Building

Foundation Crawl, Michigan Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal)

Structure Type Aluminum

Schools

School District Kalamazoo

Others

Pets Allowed Yes

Tax ID 0615101016

Ownership Corporate/Relocation

Acceptable Financing Cash, Contract, Conventional, FHA, VA

Listing Terms Cash, Contract, Conventional, FHA, VA

Financing Cash,Contract,Conventional,FHA,VA

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Listed by Julie A Reisner of NextHome ONE of Kalamazoo

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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1208 Princeton Avenue Kalamazoo, MI 49007

Jason Miller

Key Details

Location

Interior

Exterior

Building

Schools

Others

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