1208 Princeton Avenue

Kalamazoo, Michigan 49007

  • 3 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.09
    Acre(Lot)
$140,000

Description

This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of kalamazoo.this well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of kalamazoo. featuring a brand-new front porch, this property provides great curb appeal and immediate peace of mind. with two spacious 2-bedroom, 1-bathroom units, this property has consistently generated steady rental income. the lower-level unit ($950/month) will be vacant in march, perfect for an owner-occupant or a new tenant at market rent. the upper unit is currently occupied at $800/month, bringing the total gross income to $21,000 annually.
the owner covers gas, electric, and water ($350/month), leaving a strong net operating income of $16,800. priced at $140,000, this property boasts an impressive 12% cap rate, making it a rare find in today's market.
a new two-year city certification is already in place. if desired, tenants are ready to move into the lower unit for a seamless transition.

  • Property Type

    Multifamily

  • County

    Kalamazoo

  • Style

    Multifamily

  • AD ID

    50368995

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Property Details

  • Interior Features

    • Laundry Facility
    • Roof : Composition

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1905
    • Total Units: 2
    • Roof: Composition
    • Foundation/Basement: Crawl,Michigan Basement

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.09
    • Dimensions: 33x115.5

    Property Information

    • Subdivision: Fletchers Addition
    • Financing: Cash,Contract,Conventional,FHA,VA

  • Listing Price Information

    • Original List Price: $140,000

    Listing Information

    • Possession: At Close
    • Legal Description: 20540 FLETCHERS ADDITION, LIBER 2 OF PLATS PAGE 23; THE SOUTH 1/2 OF THE WEST 7 RODS OF LOT 16.

  • Tax Information

    • Annual Tax: $2,718
    • Parcel Number: 0615101016

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: 20540 FLETCHERS ADDITION, LIBER 2 OF PLATS PAGE 23; THE SOUTH 1/2 OF THE WEST 7 RODS OF LOT 16.

  • Multi-Unit Information

    • Road Frontage: Pub. Sidewalk

    Unit 1 Information

    • # of Bedrooms: 1

    Unit 2 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 07/25/2025 @ 21:54

  • MLS: 630032863
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 3 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.