Homes for sale - 1710 E G Avenue, Parchment, MI 49004

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Chris Hubel

chris@chrishubel.com +1(248) 568-6030

$ 1,950,000

Est. payment -/mo

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1710 E G Avenue Parchment, MI 49004

2 Beds

0.86 Acres Lot

UPDATED:

10/29/2024 03:01 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024056680

Bedrooms 2

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1973

Annual Tax Amount $16,700

Lot Size 0.860 Acres

Acres 0.86

Lot Dimensions 0 X 0

Property Description

This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping.This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.

Location

State MI

County Kalamazoo

Area Parchment

Zoning Other

Direction South on Riverview Dr, East on G Ave.

Interior

Heating Baseboard, Hot Water

Cooling Wall Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 32.0

Roof Type Composition

Road Frontage Paved

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal)

Structure Type Vinyl

Schools

School District Parchment

Others

Pets Allowed Yes

Tax ID 0602201040

Ownership Private Owned

Acceptable Financing Assumable (Asm-Lend App), Cash, Other

Listing Terms Assumable (Asm-Lend App), Cash, Other

Financing Assumable (Asm-Lend App),Cash,Other

Listed by Connor Anderson of Keller Williams GR East