612 Douglas Avenue
Kalamazoo, MI 49007
- – beds
- – baths
- – sqft
- 10,890 sqft lot
- 1905 build
- – on site
Dive into an exceptional investment opportunity with this city-certified, recently remodeled 4-unit rental property, strategically located in the heart of Kalamazoo's bustling area. This property stands out as a lucrative investment, offering the potential for conversion back to its original 5-unit setup with minimal effort, presenting an even greater income potential for the astute investor. Currently, the building features an attractive array of units: two expansive 2-bedroom units with rental possibilities reaching $1,100 or more, alongside two inviting 1-bedroom units that could command $800 or more. There's also potential to re-establish a charming studio apartment, which could easily fetch $600 or more, thereby enhancing the property's rental diversity and appeal. This variety ensures the property appeals to a wide range of tenants, from students to professionals, thanks to its proximity to Kalamazoo College and Western Michigan University, securing a steady demand. The recent renovations highlight low-maintenance, modern interiors that appeal to the contemporary renter, ensuring ease of management and tenant satisfaction. Notably, the investment comes with the convenience of ample off-street parking, a significant draw for potential tenants and a boost to the property's desirability. This investment shines with its ability to generate immediate cash flow, thanks to a strategic setup where tenants cover their heating and electric costs, thereby minimizing owner expenses to just trash and water services. Coupled with the potential for rent increases, this property is poised for enhanced revenue, promising long-term value appreciation in a thriving rental market. This property is not just an investment but a chance to secure a footprint in Kalamazoo's real estate landscape, offering both quality and potential. Whether you're a seasoned investor or new to the market, seize this unparalleled opportunity to expand your portfolio with a property that promises immediate profitability and future growth. Reach out today to explore this exceptional investment and embark on a prosperous investment journey.
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Last updated May 2, 2024
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MLS# 24011336 —
This property is listed in more than one place. See it here.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).