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About This Home

This 3-bedroom, 0-bathroom residential multi family at 3116 N Whittier Drive in Kalamazoo, MI is listed for $199,888. Built in 1912, on a 0.14 acres lot.

Agent Description

Turnkey 3-unit investment property in the desirable Milwood neighborhood of Kalamazoo. All three units have been fully renovated within the last 4 years with updated kitchens, bathrooms, and finishes throughout. Rents have been significantly increased from prior ownership, growing from a combined $2,010 per month to $2,589 per month gross, representing 29% rent growth with $31,068 in annual gross income.

The value-add work still to be done would be splitting utilities and further increasing rents. Each unit is one bedroom and one bath. Owner pays water, gas/electric, trash, landscaping, and snow removal. Plenty of parking is available with one assigned space per unit.

Current rents are Unit 1 at $849, Unit 2 at $900, and Unit 3 at $840. All units are occupied with leases in place. This is a stabilised, income-producing asset in a desirable area with modern interiors and strong rent history. Ideal for those looking for immediate cash flow. Gas/Electric = $407/mo Water/sewer $75/mo.

Key Features

  • Built in 1912
  • 0.14 acre lot
  • 6 parking spaces

Property Details

3 full
6 spaces
1912

Monthly Cost Estimate

$1,069/mo

20% down · 6.5% · 30 years

Principal$145
Interest$866
Insurance$58

Estimates only. Actual payments may vary.

Location

3116 N Whittier Drive

Kalamazoo, MI 49001

Property Details

Construction

Vinyl Siding Wood Siding

Heating

Forced Air

Questions & Answers

This 3-bedroom, 0-bathroom residential multi family at 3116 N Whittier Drive is listed at $199,888. The estimated monthly payment is $866 based on 20% down at 6.5% interest.

Key features include: Built in 1912, 0.14 acre lot, 6 parking spaces.

This property is listed by Will Howson and can be reached at 2696155660 or will.howson@cbrealty.com.

WH

Will Howson

Agent at Coldwell Banker Realty

(269) 615-5660

Listed by Coldwell Banker Realty · View on Broker Site

MLS# 26029550· Source: listhub· Updated 10 days ago

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3116 N Whittier Drive, Kalamazoo, MI 49001

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