447 W Walnut Street
Kalamazoo, MI 49007

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Description

Unique opportunity to own an historical gem in the heart of Kalamazoo's Vine Neighborhood. This 15 unit 3 story brick apartment building has had significant capital improvements over the years while maintaining it's 1907 character. 9 of the 15 units have had kitchen and bathroom remodels. Hardwood floors and built ins are featured in many units. Building features (9) 1 bedroom units, (5) 2 bedroom units, and a 4 bedroom unit. New electrical panel upgrades for all 15 units, back up electric heating systems in 4 units and 2 commercial water heaters, Rents have increased year over year. Historically fully occupied. Certification through 7/31/27. Seller is a licensed Realtor in the State of MI.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49007
• Year Built: 1905
• School District: Kalamazoo
• Units: 15 units
• Basement: Full
• # of Parking Spaces: 3
• Lot Size: 13504 sq ft lot
• Basement Type: No
• Construction Materials: Brick
• Cross Street: S Westnedge and S Park
• Driveway: Gravel
• Exclusions: W/D's owned by 3rd party
• Financial Available: Yes
• Heat Source: Natural Gas
• Heat Type: Hot Water
• Heating: Hot Water
• Laundry Features: Common Area, In Basement
• Lot Description: Corner Lot
• Lot Features: Corner Lot
• Lot Size Area: 0.31
• Lot Size Square Feet: 13504
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 15
• Owner Pays: Gas, Sewer, Trash Collection, Water
• Ownership: Private Owned
• Parcel Number: 06-22-115-050
• Parking Features: Gravel
• Possession: Close Of Escrow
• Road Frontage: 132
• Road Surface Type: Paved
• Roof: Rubber
• SEV: 331100
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDA5ODkxIiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTAzLTE3VDAyOjE2OjU5LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.ZYbxDdK-Ag2o_rFyLBpMviEszVVm7Llvxhe4l5WnhRM/badge
• Spec Assessment Ty: none known
• Street Type: Paved
• Tax Annual Amount: 11758.41
• Tax Legal Description: 27036 KALAMAZOO INSTITUTE ADDITION, LIBER K OF PLATS PAGE 295; LOT 39 & THE NORTH 37FT OF LOT 38.
• Tax Year: 2025
• Tenant Pays: Electricity
• 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 Water
• Zoning Description: LW1