1710 E G Avenue Active Save Request In-Person Tour Request Virtual Tour
Parchment,MI 49004
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Municipality Parchment City
MLS Listing ID 25013117
Year Built 1973
Annual Tax Amount $12,534
Tax Year 2024
Lot Size 0.860 Acres
Acres 0.86
Property Sub-Type 5+ Units
Property Description
Rare 16 unit multi-family property offering a fantastic investment opportunity. Current gross rents of around $15,000 a month. Market rents are around $18,000 a month, so some room for value add. There are 11 units with 2 bedroom and 1 bath and 5 units with 1
bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. The majority of the units have interiors that have been recently
renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!
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
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 32
Building
Lot Description Level
Sewer Public Sewer
Water Private Water
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