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$ 317,000
Est. payment /mo
New
755 Portage ST Kalamazoo City, MI 49001
3 Baths
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $79
MLS Listing ID 65026023682
Year Built 1954
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit. Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.
Location
State MI
County Kalamazoo
Area Area39062Kalamazoo
Rooms
Basement Common Storage Locker, Partial
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected
View Y/N No
Roof Type Composition, Rubber
Building
Foundation Basement, PartialBasement
Sewer Public Sewer, Storm Drain
Water Public
New Construction No
Schools
School District Kalamazoo
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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Listed by Darryl A Matthews Jr of Keller Williams GR East
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