MLS # 26021676 (Michigan Regional Information Center (MichRIC))

Welcome to Arlington off Main! This 25 unit apartment community is unlike anything else in the market. With immediate cash flow available, improved unit fit and finish, and updated capital elements, this investment is primed for any investor that seeks stabilized cash flow day one! Rents are under market comparable to like kind communities giving the future owner the opportunity for income upside! Geographically positioned by the new Arena project in Downtown, Kalamazoo College, and Western Michigan University, the subject property will be relevant for years to come!
Source: SparkMLS
Asking $1,850,000.
Property tax estimate: $27,041 per year ($2,253/month). 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
1022560 3906 17 297 010 G 17-14 1A1A SEC 17-2-11 BEG AT SE COR OF RECORDED PLAT OF LENNOX PARK SD PT ALSO BEING ON E&W1/4 LI SEC 17 TH N 480 FT TO S LI NORTH ST TH E ALG S LI SD ST 20 R TO E LI SD SEC TH S ALG E LI SD SEC 480 FT TO E1/4 POST SD SEC TH W ALG E&W1/4 LI SD SEC 20 R TO PL OF BEG EX BEG AT E1/4 POST SD SEC TH W ALG E&W 1/4 LI SD SEC 122.6 FT TO E LI ARLINGTON ST TH NALG E LI SD ST 133.
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Matthew H Callander
Callander Commercial
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
525 N Arlington Street, Kalamazoo, MI 49006
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Municipality
Kalamazoo Township
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