1710 E G Avenue, Parchment, MI 49004 (MLS # 24056680)

PRICE	$1,950,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	37,462 sqft

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.

DAYS ON MARKET	26	LAST UPDATED	10/28/2024
YEAR BUILT	1973	COMMUNITY	Greater Kalamazoo - K
COUNTY	Kalamazoo	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	Wall Unit(s)
AIR CONDITIONING	Yes
AREA	Greater Kalamazoo - K
BASEMENT	Full, Yes
CONSTRUCTION	Vinyl Siding
FIREPLACE	Yes
HEAT	Baseboard, Hot Water, Natural Gas
LOT	0.86 acre(s)
LOT DESCRIPTION	Level
LOT DIMENSIONS	0 X 0
SEWER	Public Sewer
TAXES	16700
UTILITIES	Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Sewer Available
ZONING	R-M

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Listing provided by Keller Williams GR East, Connor Anderson

Updated 11/22/24 11:59 PM PST

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