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Listing provided courtesy of Lukeman Group LLC- MLS# 26021664MLS Provider

515 Locust StreetKalamazoo, MI 49007

Multi-Family · 0.20 Acres
$244,900 Active

515 Locust Street Overview

Time on Site:
48 days
Visits:
0

5 unit Investment opportunity in the Vine Neighborhood, downtown Kalamazoo. Large lot with plenty of off-street parking. Close to WMU, Kalamazoo College and central business district. Three one-bedroom apartments and two studio apartments. Newer roof. Five furnaces and one water heater were recently installed and gas meters split.

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515 Locust Street Facts & Features

  • Type Multi-Family
  • Lot 0.20 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1860

Location/Region

  • County Or Parish: Kalamazoo

Rent/Lease Information

  • Tenant Pays: Gas

Tax Information

  • Tax Annual Amount: 5979.88

General Information

  • Parcel Number: 06-21-236-409
  • Property Sub Type: 5+ Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Parking Information

    • Parking Features: Driveway,Gravel

    Lot Information

    • Lot Features: Level
    • Lot Size Acres: 0.2
    • Lot Size Area: 0.2
    • Lot Size Dimensions: 66x132
    • Lot Size Square Feet: 8712.0
    • 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: 5
    • Sewer: Public Sewer
    • Utilities: Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Cable Connected

    515 Locust 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.

    515 Locust 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.

    515 Locust 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