1710 E G Avenue Active Save Request In-Person Tour Request Virtual Tour
Parchment,MI 49004
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Municipality Parchment City
MLS Listing ID 24056680
Year Built 1973
Annual Tax Amount $16,700
Tax Year 2024
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 0 X 0
Property Description
This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping. This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability. This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.
Location
State MI
County Kalamazoo
Area Greater Kalamazoo - K
Direction South on Riverview Dr, East on G Ave.
Rooms
Basement Full
Interior
Heating Baseboard,Hot Water
Cooling Wall Unit(s)
Fireplaces Number 1
Exterior
Utilities Available Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected,Sewer Available
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 32
Building
Lot Description Level
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Parchment
Others
Tax ID 06-02-201-040
Acceptable Financing Cash,Assumable
Listing Terms Cash,Assumable