$415,000

3419 W Michigan Avenue, Kalamazoo, MI 49006

  • 3,415 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon0.43acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $122/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Listing Office:
Michigan Top Producers : 269-222-2550
Listing Agent:
Dustin Phillips : 770-882-6025
MLS ID:
70492392
  • Heating: Forced Air
  • General: Vinyl SidingBasement
  • Originating MLS: MiRealSource
  • School District: Kalamazoo Public School District
  • County: Kalamazoo
  • Zoning: G19-4 SECTION 19 T2S R11W BEG IN THE S LI OF THE W 1/2 OF THE NE 1/4 OF THE SE 1/4 OF SECT 1982.5FT W OF THE SE COR THEREOF; TH N 89DEG 54MIN W 75.37FT ALG SD S LI; TH N 5DEG 04MIN W 225.07FT TO THE S LI OF WEST MICHIGAN AVENUE; TH N 68DEG 10MIN E 86.98FT ALG SD S LI; TH S 3DEG 15MIN E 257.2FT TO BEG. EXCLUDING BEG AT A PT ON THE S LI OF WEST MICHIGAN AVENUESD PT BEING 157.87FT W AND 225.07FT
  • Source: MiRealSource

This listing courtesy of Dustin Phillips, Michigan Top Producers

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

A

Arcadia Elementary School

932 Boswell Ln, Kalamazoo, MI, 49006

Grades PK-5

0.32 miles away

L

Linden Grove Middle School

4241 Arboretum Pkwy, Kalamazoo, MI, 49006

Grades 6-8

0.70 miles away

T

Transition Services

1411 Oakland Dr, Kalamazoo, MI, 49008

Grades 9-12

1.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.