Steven MalloyBig Rapids Realty, REALTOR®

231-218-4605

1710 E G Avenue, Parchment, MI 49004

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$1,600,000
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  • Bedrooms  
  • Bathrooms  
  • SQ. FT.  
  • Schools Parchment
  • County Kalamazoo
  • Township Parchment City
  • Above Grade Sq. Ft.  
  • Below Grade Sq. Ft.  
  • Bedrooms  
  • Bathrooms  
  • Basement Full
  • Garage  
  • Acreage 0.86
  • Heat Type Baseboard, Hot Water
  • Central Air Wall Unit(s)
  • Year Built 1973
  • Style  
  • Exterior  
  • Taxes 12534
  • SEV 259200
  • Zoning R-MUL
  • Parcel 06-02-201-040
  • Lot Size 0x0

Features

Rare 16 unit multi-family property offering a fantastic investment opportunity. Current gross rents of around $15,000 a month. Market rents are around $18,000 a month, so some room for value add. There are 11 units with 2 bedroom and 1 bath and 5 units with 1
bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. 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!

Directions South on Riverview Dr, East on G Ave.
Listing Courtesy of Connor Anderson - MOXIE Real Estate + Development

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