731 Village Street
Kalamazoo, MI 49008

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Description

This well-maintained 3-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $2956. Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49008
• Year Built: 1890
• School District: Kalamazoo
• Units: 3 units
• Basement: Michigan Basement, Yes, Yes
• # of Parking Spaces: 5
• Lot Size: 10890 sq ft lot
• Construction Materials: Shingle Siding
• Cross Street: Oak St and Grant St
• Driveway: Unpaved
• Financial Available: Yes
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Laundry Features: In Basement
• Lot Size Area: 0.25
• Lot Size Square Feet: 10890
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 3
• Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Parcel Number: 39-06-21-290-023
• Parking Features: Unpaved
• Road Frontage: 64.68
• Roof: Composition
• SEV: 92600
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDEzNzc4IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTA3VDE0OjM3OjM4LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.evQ36sMDBOaM1NGpqNdP4nZ4_d_RmETp7wbCm6ugVCc/badge
• Spec Assessment Ty: None Known
• Street Type: Public
• Tax Annual Amount: 5508.07
• Tax Legal Description: 33896 POTTS ADDITION LOT 23
• Tax Year: 2025
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 2357
• Township: Kalamazoo City
• Util Availat Street: Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer
• Utilities: Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available, Storm Sewer
• Water Source: Public Water
• Zoning Description: R