Laura VeersmaBig Rapids Realty, REALTOR®

231-598-1519

1208 Princeton Avenue, Kalamazoo, MI 49007

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$140,000
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  • 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.

Directions Douglas to W Paterson to Princeton to home.
Listing Courtesy of Julie A Reisner - NextHome ONE of Kalamazoo

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