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$369,900 For Sale

529 Wheaton Avenue
Kalamazoo, MI 49008

5 units | Multi Family Home
13068 sq ft lot - MLS# 25056771
Property Photo
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Description

Vine Neighborhood 5-unit building on desirable Wheaton Ave. This multi-unit building offers a large lot with plenty of off-street parking and a 4-stall garage. Unit 1 is a 3 bedroom, 2 full bathroom apartment with approximately 1,100 sqft. Units 2-5 are a mix of studios to 1 bedroom ranging from 600- 800 sqft. Lower level of unit #1 has legal living space (egress window in finished space in the basement). There are two furnaces and two central AC units. Additional opportunities for a new owner to increase income with 4-stall garage conversion to rental space/storage units (est. $100 per unit post-renovation), and a coin-op washer/dryer.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family
  • Listing Status: Active
  • County/Area: Kalamazoo County
  • Zip Code: 49008
  • Year Built: 1889
  • School District: Kalamazoo
  • Units: 5 units
  • Basement: Walk-Out Access, Yes, Yes
  • # of Parking Spaces: 5
  • Lot Size: 13068 sq ft lot
  • Annual Utilities: 5100
  • Construction Materials: Wood Siding
  • Cooling: Central Air
  • Cross Street: Oak and S Westnedge
  • Directions: From S Westnedge, west onto Wheaton.
  • Driveway: Shared Unpaved
  • Financial Available: Yes
  • Gross Income: 56160
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Heating: Forced Air
  • Insurance Expense: 2018
  • Lot Size Area: 0.3
  • Lot Size Square Feet: 13068
  • Lot Size Units: Acres
  • MLS Area Major: Greater Kalamazoo - K
  • MLS Area Minor: Greater Kalamazoo - K
  • Main Type: Multi Family
  • Number Of Buildings: 1
  • Number Of Diff Unit Floor Plans: 5
  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
  • Parcel Number: 06-21-433-011
  • Possession: Subject To Tenant Rights
  • Road Frontage: 66
  • SEV: 151200
  • Sewer: Public Sewer
  • Street Type: Public
  • Tax Annual Amount: 9579
  • Tax Legal Description: 50776 WHEATONS ADDITION LOT 11.
  • Tax Year: 2025
  • Terms Available: Cash, Conventional
  • Township: Kalamazoo City
  • Util Availat Street: Electricity Available, Natural Gas Available, Public Sewer, Public Water
  • Utilities: Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
  • Water Source: Public
  • Zoning Description: RM-15
Courtesy of Joseph Lukeman, Lukeman Group LLC
Source: Michigan Regional Information Center (MichRIC)

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Trevor Morin | Phone: 517-437-2946 | trevor@mwplandsales.com
Hillsdale, MI 49242

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