Kalamazoo, MI 49008,529 Wheaton Avenue

$355,000

Est. payment /mo

$399,000

11.0%
Est.Price: ?

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529 Wheaton Avenue Kalamazoo, MI 49008

4 Beds

0.3 Acres Lot

SOLD DATE : 11/01/2023

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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Realcomp MLS
Listed by Madison H Lukeman of Lukeman Group LLC
Bought with Lukeman Group LLC

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