1208 Princeton Avenue, Kalamazoo, MI 49007
- Bedrooms
- Bathrooms
- SQ. FT.
- Schools Kalamazoo
- County Kalamazoo
- Township Kalamazoo City
- Above Grade Sq. Ft.
- Below Grade Sq. Ft.
- Bedrooms
- Bathrooms
- Basement Crawl Space, Michigan Basement
- Garage
- Acreage 0.09
- Heat Type Forced Air
- Central Air None
- Year Built 1905
- Style
- Exterior
- Taxes
- SEV 36700
- Zoning
- Parcel 06-15-101-016
- Lot Size 33x115.5
Features
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.
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