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About This Home
This 0-bedroom, 3-bathroom commercial at 755 Portage Street in Kalamazoo, MI is listed for $317,000 ($79 per sqft). Built in 1954, the home offers 4,000 sqft of living space on a 0.10 acres lot.
Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit.
Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.
Key Features
- Built in 1954
- 0.10 acre lot
- 6 parking spaces
Property Details
Monthly Cost Estimate
$1,695/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
755 Portage Street
Kalamazoo, MI 49001
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 3-bathroom commercial at 755 Portage Street is listed at $317,000 ($79/sqft). The estimated monthly payment is $1,374 based on 20% down at 6.5% interest.
Key features include: Built in 1954, 0.10 acre lot, 6 parking spaces. Interior Features: Broadband.
This property is listed by Darryl A Matthews Jr and can be reached at 6168819047 or darryl@thematthewsgroupmi.com.
