3116 N Whittier Drive, Kalamazoo, Michigan, 49001
0.14 Acres
3 bd
#26029550
Turnkey 3-unit investment property in the desirable Milwood neighborhood of Kalamazoo. All three units have been fully renovated within the last 4 years with updated kitchens, bathrooms, and finishes throughout. Rents have been significantly increased from prior ownership, growing from a combined $2,010 per month to $2,589 per month gross, representing 29% rent growth with $31,068 in annual gross income. The value-add work still to be done would be splitting utilities and further increasing rents. Each unit is one bedroom and one bath. Owner pays water, gas/electric, trash, landscaping, and snow removal. Plenty of parking is available with one assigned space per unit. Current rents are Unit 1 at $849, Unit 2 at $900, and Unit 3 at $840. All units are occupied with leases in place. This is a stabilised, income-producing asset in a desirable area with modern interiors and strong rent history. Ideal for those looking for immediate cash flow. Gas/Electric = $407/mo Water/sewer $75/mo.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Sewer Available, Water Available
- Water Source : Public
- Sewer : Public Sewer
- Parking Total: 6
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Vinyl Siding, Wood Siding
- Basement Description : Full
- Basement on Property:
PROPERTY DETAILS
ID: 26029550
Status: Active
Price: $179,999
Acres: 0.14 Acres
Price Per Acre: $1,285,707
Type: Multi-family
Address: 3116 N Whittier Drive
City, State: Kalamazoo, Michigan
County: Kalamazoo
Zip Code: 49001
Lat/Long: 42.260011, -85.556194
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