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Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 140,000

Est. payment -/mo

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1208 Princeton Avenue Kalamazoo, MI 49007

3,920 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Kalamazoo City

Subdivision Fletchers Addition

MLS Listing ID 25033247

Year Built 1905

Annual Tax Amount $2,718

Tax Year 2024

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 33x115.5

Property Sub-Type 2 to 4 Units

Property Description

This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. Featuring a brand-new front porch, this property provides great curb appeal and immediate peace of mind. With two spacious 2-bedroom, 1-bathroom units, this property has consistently generated steady rental income. The lower-level unit ($950/month) is perfect for an owner-occupant or a new tenant at market rent. The upper unit has been rented consistently at $800/month, bringing the total gross income to $21,000 annually.
The owner covers gas, electric, and water ($350/month), leaving a strong net operating income of $16,800. Priced at $140,000, this property boasts an impressive 12% cap rate, making it a rare find in today's market.
A new two-year city certification is already in place. If desired, tenants are ready to move into the lower unit for a seamless transition. This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. Featuring a brand-new front porch, this property provides great curb appeal and immediate peace of mind. With two spacious 2-bedroom, 1-bathroom units, this property has consistently generated steady rental income. The lower-level unit ($950/month) is perfect for an owner-occupant or a new tenant at market rent. The upper unit has been rented consistently at $800/month, bringing the total gross income to $21,000 annually.
The owner covers gas, electric, and water ($350/month), leaving a strong net operating income of $16,800. Priced at $140,000, this property boasts an impressive 12% cap rate, making it a rare find in today's market.
A new two-year city certification is already in place. If desired, tenants are ready to move into the lower unit for a seamless transition.

Location

State MI

County Kalamazoo

Area Greater Kalamazoo - K

Direction Douglas to W Paterson to Princeton to home.

Rooms

Basement Crawl Space, Michigan Basement

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Laundry Main Level

Exterior

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Composition

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Aluminum Siding

New Construction No

Schools

School District Kalamazoo

Others

Tax ID 06-15-101-016

Acceptable Financing VA Loan, MSHDA, FHA, Cash, Conventional, Contract

Listing Terms VA Loan, MSHDA, FHA, Cash, Conventional, Contract

Listed by NextHome ONE of Kalamazoo