411 Stanwood Street
Kalamazoo, MI 49006

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Description

Investor opportunity you don't want to miss. This fully occupied 6-unit sits right next to Kalamazoo College and just minutes from downtown, keeping rental demand strong year-round. All units feature the same floor plan for operational simplicity, and all tenants are currently month-to-month, giving you the flexibility to increase rents and improve cash flow right away. Recent updates include a new garage door (2025) and coin-operated washer (2024). Solid income, prime location, and clear upside potential make this a great addition to any portfolio.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49006
• Year Built: 1960
• School District: Kalamazoo
• Units: 6 units
• Basement: Slab
• # of Parking Spaces: 8
• Lot Size: 6534 sq ft lot
• Basement Type: No
• Construction Materials: Brick, Concrete, Vinyl Siding
• Cooling: Window Unit(s)
• Cross Street: W Lovell St & W Michigan Ave
• Directions: Located west of downtown Kalamazoo near Kalamazoo College on Stanwood St.
• Driveway: Paved
• Extras: Garages
• Gross Income: 39550
• Heat Source: Natural Gas
• Heat Type: Baseboard, Radiant
• Heating: Baseboard, Radiant
• Insurance Expense: 2748
• Laundry Features: Common Area
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Area: 0.15
• Lot Size Square Feet: 6534
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Operating Expense: 32700.87
• Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Ownership: Private Owned
• Parcel Number: 06-21-127-008
• Parking Features: Paved
• Possession: Close Of Escrow, Subject To Tenant Rights
• Road Frontage: 66
• Road Surface Type: Paved
• Roof: Composition
• SEV: 112800
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE4MDM1IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTI2VDE5OjU5OjMwLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.gUWWxpazx9-cx8vwJ56Gi7Ceu8BfqSkN2kG-WSsdFmw/badge
• Street Type: Paved
• Tax Annual Amount: 5422.73
• Tax Legal Description: 16508 COLLEGE ADDITION, LIBER 4 OF PLATS PAGE 1; THE WEST 1/2 OF LOT 2
• Tax Year: 2025
• Terms Available: Cash, Conventional, Other
• 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 Access: No
• Water Source: Public Water
• Zoning Description: RM15C