MI
Kalamazoo
Kalamazoo City
49006
3419 W Michigan Avenue
3419 W Michigan Avenue, Kalamazoo City, MI 49006
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Listing Type
Multi Family
Listing Status
Active
21
$415,000

Home Details for 3419 W Michigan Avenue

Price
$415,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1927
Lot size acres
0.43
County
Kalamazoo
Garage
Basement
Full
Days on site
172
MLS Listing#
65025045736
Property Description

Investment-minded buyers--take note! With its proven rental history and prime location within walking distance of Western Michigan University, this certified rental property offers strong cash flow and upside potential. Currently leased to single families at $3,650/month combined, it previously operated as student housing for up to 11 tenants, projecting $62,700-$79,200 annually (approx. 11-15% cap rate) at the new $415,000 price point.Certified with the City of Kalamazoo through Oct 2026, 3419 W Michigan Ave features two connected dwellings joined by a lockable enclosed corridor, allowing use as one large dwelling or two separate spaces. Together they offer 11 bedrooms, 5 baths, updated flooring, modern kitchens with newer appliances and countertops, and in-unit laundry in each dwelling--a rare feature in student housing. Sitting on a 0.43-acre lot with 10 parking spots and full basements, this turnkey property offers excellent student housing potential in the WMU corridor.

Property Features
  • Utilities
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
    • Sewer Available
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Michigan Top Producers - 269-222-2550
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Median Listing Price
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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