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(616) 439-1190
Real Estate Company
417 Locust Street Unit 1 & 2, Kalamazoo, MI 49007
- $199,900
- List Price
- $199,900
- Days on Market
- 191
- MLS#
- 26017298
- Status
- ACTIVE
- Type
- Multifamily
Property Description
Turnkey duplex offering strong investment potential with updated rental income and recent capital improvements. Both units are currently leased, with updated rental rates generating a combined $2,445 in monthly rental income, or $29,340 annually at full occupancy. Unit 1's monthly rent increases to $950 effective October 31, 2026, while the spacious 4-bedroom, 2-bath Unit 2 is leased at $1,495 per month. Recent capital improvements include a new roof with sub-roof replacement, updated front entry door, and rebuilt rear patio deck. With both units occupied at updated rental rates, this property offers investors immediate income, reduced near-term capital improvement needs, and potential for long-term appreciation. An excellent opportunity to acquire an income-producing duplex with established tenants and room for future growth.
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Additional Information
- Owner Pays
- Sewer, Trash Collection, Water
- Taxes
- $3,422
- Acres
- 0.10
- Basement
- Full
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Kalamazoo
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 4
- Utilities
- Natural Gas Connected, Electricity Connected, Storm Sewer
- Water
- Public Water
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Listing courtesy of Listing Agent: Jessica A Lee from Listing Office: KW Aspire.
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