Price Reduction
Address
708 Mills Street, Kalamazoo, MI
Price
$ 588,000
Property Attributes
- MLS#24014226
- TypeMulti-Family
- CountyKALAMAZOO
- CityKalamazoo
- AreaKalamazoo City
- NeighborhoodKalamazoo City
- Zip49001
- Style5+ Units
- Year Built1903
- Taxes$ 3285
- Price$ 588,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size10,019 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.
| Price History | |
|---|---|
| 3/25/2024 | Listed $598,000 |
| 4/30/2024 | 1% - $593,000 |
| 5/14/2024 | 1% - $588,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Wall Furnace,Natural Gas |
| Cooling | Window Unit(s) |
| Utilities | None Available,Natural Gas Connected,Electric Connected |
| Possession | Close Of Escrow |
| Construction Materials | Brick |
| Year Built | 1903 |
| Tenant Pays | Electric,Gas |
| Township | Kalamazoo City |
| Property SubType | 5+ Units |
| Tax Year | 2023 |
| OwnerPays | Water,Sewer,Gas |
| County | Kalamazoo |
| New Construction | No |
| Property Type | Multi-Family |
| Attached Garage | No |
| Status | Active |
| Directions | Kings Highway North to 4th Street to Mills St. Property Near Corner of Mills and 4th St. |
| City | Kalamazoo |
| High School District | Kalamazoo |
| Zoning Description | M-1 |
| Total Units | 7 |
| MLS Area | Greater Kalamazoo - K |
| Lot Size Square Feet | 10019.0 |
| Waterfront Y/N | No |
| Street Name | Mills |
| Land Lease Y/N | No |
| Tax Annual Amount | 3285.02 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Greater Kalamazoo - K |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 57 |
| Standard Status | Active |
| Tax Assessed Value | 47395 |
| MobileHomeRemainsYN | No |
| Legal Description | 8618 BEG ON W LI OF MILLS STREET 72.5FT S OF THE S LI OF FOURTH STREET; TH W PARALLEL WITH SD S LI TO THE ELY R-O-W LI OF PENN RR; TH SELY ON SD R-O-W LI TO SD W LI; TH N OF SD W LI TO BEG. |
| Senior Community | None |
Interior Features
| Basement | Other |
|---|---|
| Total Fireplaces | 1 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | Paved,Unpaved |
|---|---|
| Lot Features | Level,Sidewalk |
| Total Parking | 12.0 |
| Lot Size Area | 0.23 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 150 X 135 X175 |
| Lot Size Acres | 0.23 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49001
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 19, 2024 3:46 AM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
