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.
Listing courtesy of REALCOMP / Keller Williams GR East
Last checked:
Checking…
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Last updated Dec 11, 2024
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MLS# 65024056680 —
The Building
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Year Built:1973
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Construction Materials:VinylSiding
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Roof:Composition
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Basement:Full
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Basement:true
Location
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Directions:South on Riverview Dr, East on G Ave.
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Cross Street:E G Ave & N Riverview Dr
The Property
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Parcel Number:0602201040
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Features:Level
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Lot Size Acres:0.86
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Lot Size Area:37462.0
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Lot Size Dimensions:0 X 0
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Lot Size Units:SquareFeet
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Zoning Description:Other
Listing Agent
- Contact info:
- Agent phone:
- (616) 648-6353
- Office phone:
- (616) 575-1800
Taxes
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Tax 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 41.94FT 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
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Tax Assessed Value:242130
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Tax Annual Amount:16700.0
Heating & Cooling
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Heating:Baseboard, HotWater, NaturalGas
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Heating:true
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Cooling:WallUnits
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Cooling:true
Utilities
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Utilities:SewerConnected
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Sewer:PublicSewer, SewerAtStreet
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Water Source:Public
Schools
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High School District:Parchment
The Community
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Waterfront:false
Parking
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Parking Total:32.0
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Parking Features:SharedDriveway
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Regional Alliance of REALTORS, © 2024 Realcomp II Ltd. Shareholders
Keller Williams GR East
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 |
---|---|---|---|---|
11/27/24
Nov 27, 2024
|
Listed / Active | REALCOMP | $1,950,000 |