MI > Parchment
Parchment, MI 49004,1710 E G Avenue
Parchment, MI 49004,1710 E G Avenue
Parchment, MI 49004,1710 E G Avenue
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$1,950,000
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0.86 Acres Lot
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1710 E G Avenue Parchment, MI 49004

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Jon Hazeltine

Jon Hazeltine

+1(616) 308-7946

UPDATED:

10/29/2024 02:42 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Parchment City

MLS Listing ID 24056680

Year Built 1973

Annual Tax Amount $16,700

Tax Year 2024

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. 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 Greater Kalamazoo - K

Direction South on Riverview Dr, East on G Ave.

Rooms

Basement Full

Interior

Heating Baseboard, Hot Water

Cooling Wall Unit(s)

Fireplaces Number 1

Exterior

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Sewer Available

Waterfront No

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 32

Building

Lot Description Level

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Parchment

Others

Tax ID 06-02-201-040

Acceptable Financing Cash, Assumable

Listing Terms Cash, Assumable

Listed by Keller Williams GR East

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Jon Hazeltine

+1(616) 308-7946

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