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$59,900
Est. payment /mo
7,840 Sqft Lot
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026048719
Year Built 1895
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type MultiFamily
Property Description
Rare opportunity to restore and reposition a historic 5-unit property located near Western Michigan University. FLOOR PLANS COMING SOON! This property offers excellent potential for an investor, developer, or experienced rehabber looking for a renovation project in a desirable rental market. Not interested in a rentals? This property could be restored into a gorgeous single-family home! The building retains historic character and features a NEWER ROOF (6 years old), providing an important head start on the renovation process. The property is currently in need of extensive repairs and renovation, making this an ideal opportunity for someone prepared to bring the property back to its full potential. With its proximity to Western Michigan University, the property could offer strong long-term rental potential following a successful renovation.The existing five-unit layout provides a foundation for a multi-family investment strategy, subject to buyer verification of zoning, unit configuration, occupancy requirements, and all applicable municipal approvals. Property is being SOLD AS IS, with ALL items/personal property the seller leaves. You may find some items of value! Buyers should conduct their own inspections and verify zoning, unit count, rental requirements, utilities, and renovation/occupancy requirements with the appropriate municipal authorities. Bring your vision and renovation expertise to this unique property and unlock its potential!
Location
State MI
County Kalamazoo
Area Area39062Kalamazoo
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Unpaved
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected
View Y/N No
Roof Type Composition
Building
Lot Description Level
Foundation MichiganBasement
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Kalamazoo
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
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Listed by Heather A Martell of Martell Realty Inc.
NEARBY SCHOOLS & PROPERTIES
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