4671 Winding Way - Apartments FOR SALE


Kalamazoo, MI 49006
$425,000 USD
269-389-0303
4671 Winding Way, Kalamazoo, MI for Sale
$425,000 USD
Apartments - FOR SALE
1/12
null | 7.43% Cap Rate

4671 Winding Way
Kalamazoo, MI 49006


HIGHLIGHTS

  • Hassle-free brick exterior.
  • Locked, indoor storage rooms for residents and management/maintenance items.
  • Through-the-wall A/C units in each apartment
  • Covered carport parking with attached outdoor locked storage and ample uncovered parking with up to six additional off-street spaces
  • City water connection and septic. Option to connect to city sewer

OVERVIEW

Meticulously maintained turnkey 4-unit apartment building tucked away in the picturesque twin lakes area, a quiet residential area only 10 minutes from the heart of downtown Kalamazoo! The building features brick construction with three 2-bed/1 bath apartments and one 1-bed/1 bath. The property has undergone many upgrades within the past seven years, including a new roof and gutters, interior renovations across all four units, and new coin operated washer and dryer. Each apartment showcases a comfortable layout with large living rooms and fully equipped eat-in kitchens. Tenants pay electricity, creating a low-expense operating structure for ownership. Additional highlights: -Hassle-free brick exterior -Locked, indoor storage rooms for residents and management/maintenance items -Through-the-wall A/C units in each apartment -Covered carport parking for residents with attached outdoor locked storage and ample parking with up to six additional off-street spaces -City water connection and septic, with option to connect to city sewer This property combines strong resident appeal with a unique, turnkey 4-plex investment opportunity. Also available for purchase is an adjacent ½-acre vacant lot to the south (parcel 06-06-105-060), offering a lake view, zoned RM-2, and ideal for future single/multi-family housing or light commercial development. NOTICE: Please do not disturb tenants. Showings are available to qualified buyers upon receipt of proof of funds or financing pre-approval.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

4

PRICE/UNIT

$106,250

CAP RATE

7.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RM-2 Multi Family/Mixed

APN/PARCEL ID

06-06-105-050

ASK ABOUT THIS PROPERTY

Jeremy CarrProperty WayMore Info
269-389-0303

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

Jeremy CarrProperty WayMore Info
269-389-0303

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