515/521 Locust, Kalamazoo, MI 49007

$550,000
List Price
$550,000
Days on Market
116
MLS#
21024156
Status
ACTIVE
Type
Multifamily

Property Description

Terrific income opportunity in the Historic Vine Neighborhood! The 2 adjacent properties with 9 units have a total of 16 bedrooms. Tremendous cash flow potential! 521 Locust has a one bedroom and two two bedroom units on the main floor and the upper unit has 6 bedrooms and 2.5 baths. 515 Locust has two studios and three one bedroom units. All units have separate furnaces however gas has not been split yet .Close to WMU, K-College and downtown Kalamazoo. Ample off-street parking. Land contract potential for qualified candidates.

Additional Information

Owner Pays
Electricity, Gas, Sewer, Trash Collection, Water
Taxes
$6,581
SEV
148600
Acres
0.4
Basement
Yes
Exterior Material
Wood Siding
Fireplaces
2
Heating
Forced Air
Heat Source
Natural Gas
Lot Dimensions
132 x 132 x 132 x 132
Road Frontage
132
School District
Kalamazoo
Sewer
Public
Substructure
Full
Tenant Pays
None
Total Parking Spaces
11
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Pat O'Brien with O'Brien Real Estate.

© 2021 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .