MLS # 26032526 (Michigan Regional Information Center (MichRIC))

16 unit multi-family property offering a fantastic investment opportunity. 14 of 16 units currently rented at less than market rents so there is room for value add. Owner is willing to do seller financing and the current mortgage is assumable with a 6.11% interest rate. There are 11 units with 2 bedroom and 1 bath and 5 units with 1 bedroom, 1 bath. The majority of the units have interiors that have been recently renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!
Source: SparkMLS
Asking $1,290,000.
Estimated annual property tax: $17,099, or about $1,425 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
SEC 2-2-11 BEG IN N LI 498.46 FT ELY OF N1/4 POST TH N 89-51'-10 E 96.42 FT TH S 0-10'-28 W 124 FT TH S 29-49' -32 E 53.52 FT TH N 89-51'-10 E 41.94 FT TH S 0-10'-28 W 129.57 FT TH S 89-51'-10 W 165.01 FT TH N 0-10'-28 E 300.18 FT TO BEG *
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Connor Anderson
ReSIDE Grand Rapids
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1710 E G Avenue, Kalamazoo, MI 49004
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Municipality
Parchment
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