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$ 230,000
Est. payment /mo
New
413 Locust Street Kalamazoo, MI 49007-5085
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70529875
Year Built 1886
Annual Tax Amount $5,709
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 33x132
Property Sub-Type Multi-Family
Property Description
This well-maintained tri-plex presents a compelling opportunity for both investors and owner-occupants. Live in the vacant unit while generating immediate income from the other two, or add a cash-flowing asset with built-in upside to your portfolio.Ideally located near Western Michigan University, Kalamazoo College, downtown, major hospitals, and the highly anticipated new arena, the property benefits from strong rental demand and long-term growth potential.The property includes one 2 bed/1 bath unit and two 1 bed/1 bath units. The 2 bed/1 bath is currently vacant, ideal for an owner-occupant or house hack. The two occupied units generate $875 and $995/month. The 2 bed has historically performed as a mid-term rental at $1,295-$1,600/month and can be sold furnished.Ample off-street parking and recent updates--including kitchen cabinetry, bathroom vanity, reglazed bathtubs, and a new water heater--enhance functionality and appeal.
Location
State MI
County Kalamazoo
Area Kalamazoo (39022)
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Kalamazoo Public School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://listings.nextdoorphotos.com/vd/244353596
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Listed by Keller Williams Kalamazoo Market Center