417 Locust Street #1 & 2
Kalamazoo, MI 49007

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Description

Turnkey duplex with strong rental history and clear value-add potential. The property has maintained full occupancy over the past 13 months, demonstrating consistent income and solid rental demand. One unit will be vacant at the end of April, offering immediate flexibility for an investor or owner-occupant to reposition rents in line with current market conditions. The spacious 4-bedroom, 2-bath unit provides an excellent opportunity to maximize returns with targeted updates, while the occupied unit continues to generate steady income. Recent capital improvements include a new roof with sub-roof replacement, updated front entry door, and a rebuilt rear patio deck. Ideal for investors seeking a strong-performing asset with in-place income and the ability to capture increased cash flow and long-term appreciation.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49007
• Year Built: 1905
• School District: Kalamazoo
• Units: 2 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 4
• Lot Size: 4356 sq ft lot
• Construction Materials: Brick, Wood Siding
• Cross Street: Cedar & Lovell
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Area: 0.1
• Lot Size Square Feet: 4356
• Lot Size Units: Square Feet
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Sewer, Trash Collection, Water
• Parcel Number: 06-21-226-003
• Road Frontage: 33
• Road Surface Type: Paved
• Roof: Composition
• SEV: 92900
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE3Mjk4IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTI0VDEzOjMzOjAxLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.bD1O67R0762BzFjWbeh3Ad2IT341vbAe-SLlc4Xg_7w/badge
• Street Type: Paved, Public
• Tax Annual Amount: 3422
• Tax Legal Description: 50266 WELCHS ADDITION S 1/2 LOT 397
• Tax Year: 2025
• Tenant Pays: Electricity, Gas
• Terms Available: Cash, Conventional
• Township: Kalamazoo City
• Util Availat Street: Public Sewer, Storm Sewer
• Utilities: Natural Gas Connected, Electricity Connected, Storm Sewer
• Water Access: No
• Water Source: Public Water