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Listing provided courtesy of Real Broker, LLC- MLS# 26023751MLS Provider

418-420 Elm StreetKalamazoo, MI 49007

Multi-Family · 0.21 Acres
$189,900 Active

418-420 Elm Street Overview

Time on Site:
40 days
Visits:
2

Excellent opportunity to add a strong cash-flowing duplex to your investment portfolio! This well-positioned property at 418-420 Elm Street in Kalamazoo features two spacious units with reliable rental income already in place. Unit 418 offers a 2-bedroom layout currently rented for $800/month, while Unit 420 features a larger 3-bedroom layout bringing in $1,200/month. Newer roof; newer furnaces and water heaters. Each tenant pays electric and gas. With separate living spaces and solid income potential, this property is ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental revenue. Conveniently located near downtown, shopping, dining, and local amenities, this duplex offers a great combination of value, opportunity, and long-term upside.

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418-420 Elm Street Facts & Features

  • Type Multi-Family
  • Lot 0.21 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1913

Location/Region

  • County Or Parish: Kalamazoo

Rent/Lease Information

  • Tenant Pays: Electric,Gas

Tax Information

  • Tax Annual Amount: 3300.0

General Information

  • Parcel Number: 06-16-430-166
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Parking Information

    • Parking Features: Paved

    Lot Information

    • Lot Size Acres: 0.21
    • Lot Size Area: 0.21
    • Lot Size Dimensions: 57.5X101.4
    • Lot Size Square Feet: 9148.0
    • Lot Size Units: Acres
    • Road Surface Type: Paved

    Waterfront/View

    • Waterfront: No

    Building Exterior/Construction

    • Attached Garage: No
    • Construction Materials: Wood Siding
    • Roof: Composition

    General Information

    • Number Of Units Total: 2
    • Utilities: Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected

    418-420 Elm Street Neighborhood

    Community

    49007 (Kalamazoo) Demographics

    27
    Median Age
    3,006
    Population Density (per sq. mile)
    28%
    College Educated
    $34,033
    Estimated Median Income
    1,189
    Estimated Total Home Owners
    3,080
    Estimated Total Renters
    28% / 72%
    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.

    418-420 Elm Street Monthly Cost

    $
    $ %
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    $
    $
    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.

    418-420 Elm Street Market Data

    Based on the last 30 days in this zip code

    $173,054
    Average List Price
    $120
    Average Price per Square Foot
    10
    Properties Sold
    98
    Average Days on Market
    61
    Properties for Sale
    Calculations provided by Reliance Network