118-130 S Clarendon St - Apartments FOR SALE


Kalamazoo, MI 49006- Westwood
$770,000 USD
989-980-7359
118-130 S Clarendon St, Kalamazoo, MI for Sale
$770,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

118-130 S Clarendon St
Kalamazoo, MI 49006
Westwood


OVERVIEW

Don't miss this opportunity to acquire an 8-unit apartment building a stone's throw from Western Michigan University, Kalamazoo Collage and walking distance to Academy and Henderson Park. This property boasts numerous updates, including newly renovated hallways and common areas, renovated units, new boiler and much more. There is coin-operated laundry in each building. Value add potential through a utility bill back program to recover some utility costs and increase rents to market rates. Whether you're a new investor building your rental portfolio or a seasoned investor, this property would make a good addition to your portfolio.

FOR SALE DETAILS

PRICE

$770,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

8

PRICE/UNIT

$96,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

RM1

APN/PARCEL ID

06-17-436-411,06-17-436-412

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.