417 Locust Street Unit# 1 & 2, Kalamazoo, Michigan, 49007
0.10 Acres
5 bd
#26017298
Turnkey duplex offering strong investment potential with updated rental income and recent capital improvements. Both units are currently leased, with updated rental rates generating a combined $2,445 in monthly rental income, or $29,340 annually at full occupancy. Unit 1's monthly rent increases to $950 effective October 31, 2026, while the spacious 4-bedroom, 2-bath Unit 2 is leased at $1,495 per month. Recent capital improvements include a new roof with sub-roof replacement, updated front entry door, and rebuilt rear patio deck. With both units occupied at updated rental rates, this property offers investors immediate income, reduced near-term capital improvement needs, and potential for long-term appreciation. An excellent opportunity to acquire an income-producing duplex with established tenants and room for future growth.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Available
- Water Source : Public
- Sewer : Public Sewer
- Community Features : Sidewalks
- Parking Total: 4
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Brick, Wood Siding
- Roof: Composition
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
PROPERTY DETAILS
ID: 26017298
Status: Active
Price: $199,900
Acres: 0.10 Acres
Price Per Acre: $1,999,000
Type: Multi-family
Address: 417 Locust Street Unit# 1 & 2
City, State: Kalamazoo, Michigan
County: Kalamazoo
Zip Code: 49007
Lat/Long: 42.288537, -85.593282
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