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1208 Princeton Avenue Kalamazoo, MI 49007
2 Beds
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Fletchers Addition
MLS Listing ID 66025033247
Bedrooms 2
Year Built 1905
Annual Tax Amount $2,718
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 33x115.5
Source Greater Kalamazoo Association of REALTORS®
Property Description
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.
Location
State MI
County Kalamazoo
Area Kalamazoo
Direction Douglas to W Paterson to Princeton to home.
Interior
Interior Features Laundry Facility
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Roof Type Composition
Road Frontage Pub. Sidewalk
Garage no
Private Pool No
Building
Foundation Crawl, Michigan Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal)
Structure Type Aluminum
Schools
School District Kalamazoo
Others
Pets Allowed Yes
Tax ID 0615101016
Ownership Corporate/Relocation
Acceptable Financing Cash, Contract, Conventional, FHA, VA
Listing Terms Cash, Contract, Conventional, FHA, VA
Financing Cash,Contract,Conventional,FHA,VA
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