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$1,290,000
Est. payment /mo
0.86 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026032526
Year Built 1973
Lot Size 0.860 Acres
Acres 0.86
Property Sub-Type MultiFamily
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 Area39063Parchment
Rooms
Basement Full
Interior
Heating Baseboard, Hot Water, Natural Gas
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features SharedDriveway
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Lot Description Level
Sewer Public Sewer, Sewer At Street
Water Private
New Construction No
Schools
School District Parchment
Others
Acceptable Financing Assumable, Cash, Conventional, Other
Listing Terms Assumable, Cash, Conventional, Other
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Listed by Connor Anderson of ReSIDE Grand Rapids
NEARBY SCHOOLS & PROPERTIES
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