$355,000
$399,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
529 Wheaton Avenue Kalamazoo, MI 49008
4 Beds
0.3 Acres Lot
Key Details
Sold Price $355,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 66023133051
Sold Date 11/01/23
Bedrooms 4
Originating Board Greater Kalamazoo Association of REALTORS®
Year Built 1889
Annual Tax Amount $6,275
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 66x198
Property Description
Rare, Vine Neighborhood 5-unit building on desirable Wheaton Ave. This recently renovated multi-unit building offers a large lot with plenty of off-street parking and a 4-stall garage. These updates have allowed the current owner to increase tenant desirability and income.Unit 1 is a 3 bedroom, 2 full bathroom apartment with approximately 1,100 sqft. Units 2-5 are a mix of studios to 1 bedroom ranging from 600- 800 sqft. Seller completed City Certification and legalized Unit 1 as a 3-bedroom unit (egress window in finished space in the basement). There are two furnaces and two central AC units. Additional opportunities for a new owner to increase income include RUBS, 4-stall garage conversion to rental space/storage units (est. $100 per unit post-renovation), and a coin-op washer529 Wheaton & 712-714 W Lovell (mls#23137180) to be sold in a portfolio package together.
Location
State MI
County Kalamazoo
Area Kalamazoo
Direction From S Westnedge, right on Wheaton, property on the south side of the street
Rooms
Basement Walkout Access
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Wood
Schools
School District Kalamazoo
Others
Pets Allowed Yes
Tax ID 3900621433011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Lukeman Group LLC