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Listing provided courtesy of Real Broker, LLC- MLS# 26023749MLS Provider

108 Hutchinson StreetKalamazoo, MI 49001

Multi-Family · 0.44 Acres
$199,900 Active

108 Hutchinson Street Overview

Time on Site:
40 days
Visits:
0

Excellent income-producing opportunity in Kalamazoo! 108 Hutchinson features three rental units with strong cash flow already in place. Unit 1 is a spacious 3-bedroom apartment currently rented for $1,130/month. Unit 2 is a 1-bedroom unit bringing in $600/month, while Unit 3 is a desirable 2-bedroom apartment located above the garage and currently rented for $850/month. With a total monthly rental income of $2,580, this property makes a fantastic addition to any investment portfolio. Newer roof; newer furnaces and water heaters. Landlord pays Water/sewer & trash. Conveniently located near downtown Kalamazoo, shopping, dining, and local amenities, this multi-unit property offers steady income potential and long-term upside for investors looking to expand their portfolio.

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108 Hutchinson Street Facts & Features

  • Type Multi-Family
  • Lot 0.44 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1941

Location/Region

  • County Or Parish: Kalamazoo

Rent/Lease Information

  • Tenant Pays: Electric

Tax Information

  • Tax Annual Amount: 4088.0

General Information

  • Parcel Number: 39000635142001
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Lot Information

    • Lot Size Acres: 0.44
    • Lot Size Area: 0.44
    • Lot Size Dimensions: 118.80 X 160
    • Lot Size Square Feet: 19166.0
    • Lot Size Units: Acres

    Waterfront/View

    • Waterfront: No

    Building Exterior/Construction

    • Construction Materials: Vinyl Siding

    General Information

    • Number Of Units Total: 3
    • Sewer: Public Sewer
    • Utilities: Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer

    108 Hutchinson Street Neighborhood

    Community

    49001 (Kalamazoo) Demographics

    32
    Median Age
    2,805
    Population Density (per sq. mile)
    37%
    College Educated
    $46,124
    Estimated Median Income
    4,727
    Estimated Total Home Owners
    4,363
    Estimated Total Renters
    52% / 48%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    108 Hutchinson Street Monthly Cost

    $
    $ %
    %
    $
    $
    Randall Fowlkes
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    108 Hutchinson Street Market Data

    Based on the last 30 days in this zip code

    $185,061
    Average List Price
    $130
    Average Price per Square Foot
    18
    Properties Sold
    81
    Average Days on Market
    110
    Properties for Sale
    Calculations provided by Reliance Network