Investment-minded buyers--take note! With its proven rental history and prime location within walking distance of Western Michigan University, this certified rental property offers strong cash flow and upside potential.Previously operated as student housing for up to 11 tenants, projecting $62,700-$79,200 annually (approx. 11-15% cap rate) at the new $415,000 price point.Certified with the City of Kalamazoo through Oct 2026, 3419 W Michigan Ave features two connected dwellings joined by a lockable enclosed corridor, allowing use as one large dwelling or two separate spaces. Together they offer 11 bedrooms, 5 baths, updated flooring, modern kitchens with newer appliances and countertops, and in-unit laundry in each dwelling--a rare feature in student housing. Sitting on a 0.43-acre lot with 10 parking spots and full basements, this turnkey property offers excellent student housing potential in the WMU corridor.
0.43 Acres privados Tamanho do lote
investimento
10 111 US$ Imposto anual
Construído em 1927
MLS/ID do anúncio 65025045736
2 Unidades
Construction - Vinyl Siding
Arrefecimento - Ar condicionado central
Heating - Natural Gas
Heating - Forced Air
Community - Sidewalks
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