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118-130 S Clarendon St 8 Unit Apartment Building $800,000 ($100,000/Unit) Kalamazoo, MI 49006
EXECUTIVE SUMMARY
Don't miss this opportunity to acquire an 8-unit apartment building a stone's throw from Western Michigan University, Kalamazoo Collage and walking distance to Academy and Henderson Park. This property boasts numerous updates, including newly renovated hallways and common areas, renovated units, new boiler and much more. There is coin-operated laundry in each building. Value add potential through a utility bill back program to recover some utility costs and increase rents to market rates. Whether you're a new investor building your rental portfolio or a seasoned investor, this property would make a good addition to your portfolio.
PROPERTY FACTS
| Price | $800,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 6,912 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1982 |
| Apartment Style | Low-Rise | Parking Ratio | 2.31/1,000 SF |
| Zoning | RM1 | ||
| Price | $800,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 6,912 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 700 |
| 2+1 | 6 | - | 900 |
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118-130 S Clarendon St
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