1710 E G Avenue
Parchment, MI, 49004
$1,950,000
Beds
0 Baths
0 SqFt
0.86 Acres
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This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping. This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.

Property Details

Price:
$1,950,000
MLS #:
24056680
Status:
Active
Beds:
0
Baths:
0
Address:
1710 E G Avenue
Type:
Single Family
Subtype:
5+ Units
City:
Parchment
Listed Date:
Oct 28, 2024
State:
MI
ZIP:
49004
Lot Size:
37,462 sqft / 0.86 acres (approx)
Year Built:
1973
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Schools

School District:
Parchment

Interior

Cooling
Wall Unit(s)
Fireplaces Total
1
Heating
Baseboard, Hot Water

Exterior

Construction Materials
Vinyl Siding
Parking Spots
32
Roof
Composition

Financial

Tax Year
2024
Taxes
$16,700

Map

Community

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1710 E G Avenue
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