413 Locust Street, Kalamazoo, MI 49007

Features

This well-maintained tri-plex presents a compelling opportunity for both investors and owner-occupants. Live in the vacant unit while generating immediate income from the other two, or add a cash-flowing asset with built-in upside to your portfolio.

Ideally located near Western Michigan University, Kalamazoo College, downtown, major hospitals, and the highly anticipated new arena, the property benefits from strong rental demand and long-term growth potential.

The property includes one 2 bed/1 bath unit and two 1 bed/1 bath units. The 2 bed/1 bath is currently vacant, ideal for an owner-occupant or house hack. The two occupied units generate $875 and $995/month. The 2 bed has historically performed as a mid-term rental at $1,295-$1,600/month and can be sold furnished.

Ample off-street parking and recent updates--including kitchen cabinetry, bathroom vanity, reglazed bathtubs, and a new water heater--enhance functionality and appeal.