127 Elm Street, Kalamazoo, MI 49007

$319,900

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List Price
$319,900
Days on Market
1
MLS#
26047763
Status
ACTIVE
Type
Multifamily

Property Description

Located in Kalamazoo's established Stuart Neighborhood, this well maintained triplex offers a proven rental setting near WMU, Kalamazoo College, downtown, bus routes, restaurants and neighborhood shops. The property includes a remodeled main floor unit used as a two or three bed, a two bedroom upper unit, and the other studio efficiency upstairs. Extensive renovations to the main floor unit create the potential for premium rent or an appealing owner occupied option with income from the other two apartments. The efficiency has consistently performed above area averages and the long term tenant in the 2 bed helps contribute to dependable income and low vacancy. Major improvements include three newer furnaces, upgraded electrical service, modernized wiring and plumbing updates. A large lot provides extensive off street parking, while a shared entry driveway and low maintenance exterior helps simplify ownership.

Additional Information

Owner Pays
Electricity, Sewer, Trash Collection
Taxes
$5,897
Acres
0.32
Basement
Full
Heating
Forced Air
Roofing
Composition
School District
Kalamazoo
Sewer
Public Sewer
Tenant Pays
Gas
Total Parking Spaces
6
Utilities
Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
Water
Public Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Justin M Rinks from Listing Office: Century 21 Affiliated (GR).

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