1710 E G Avenue
Parchment, MI 49004
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1973 build
- – on site
This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping.This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.
Last checked:
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Last updated Oct 31, 2024
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MLS# 65024056680 —
The Building
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Year Built:1973
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Construction Materials:Vinyl
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Roof Material:Composition
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# of Units Total:16
Interior
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Basement:Yes
Financial & Terms
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Land Contract:No
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Short Sale:No
Location
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Directions:South on Riverview Dr, East on G Ave.
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Directions From East West Detail:w Dr
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Directions From North South Detail:E G Ave & N Rivervie
The Property
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Property Type:Multifamily
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Parcel Number:0602201040
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Zoning:Other
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Lot Size Dimensions:0 X 0
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Lot Size Area:0.86
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Waterfront:No
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (616) 648-6353
- Office phone:
- (616) 575-1800
Taxes
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Total Taxes:$16,700
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Tax Amount Summer:$16,700
Heating & Cooling
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Cooling:Wall Unit(s)
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Heating:Baseboard, Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary), Sewer at Street
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Water Source:Public (Municipal)
Schools
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School District:Parchment
Parking
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Total Parking:32
Extra Units
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Unit Count:12
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Unit One Bed Number Of:1
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Unit Two Bed Number Of:1
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Regional Alliance of REALTORS®, © 2024 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/28/24
Oct 28, 2024
|
Listed / Active | REALCOMP | $1,950,000 |
