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612 Douglas Ave, Kalamazoo, MI 49007 | MLS# 24011336 | Redfin
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About this home
Dive into an exceptional investment opportunity with this city-certified, recently remodeled 4-unit rental property, strategically located in the heart of Kalamazoo's bustling area. This property stands out as a lucrative investment, offering the potential for conversion back to its original 5-unit setup with minimal effort, presenting an even greater income potential for the astute investor. Currently, the building features an attractive array of units: two expansive 2-bedroom units with rental possibilities reaching $1,100 or more, alongside two inviting 1-bedroom units that could command $800 or more. There's also potential to re-establish a charming studio apartment, which could easily fetch $600 or more, thereby enhancing the property's rental diversity and appeal. This variety ensures the property appeals to a wide range of tenants, from students to professionals, thanks to its proximity to Kalamazoo College and Western Michigan University, securing a steady demand. The recent renovations highlight low-maintenance, modern interiors that appeal to the contemporary renter, ensuring ease of management and tenant satisfaction. Notably, the investment comes with the convenience of ample off-street parking, a significant draw for potential tenants and a boost to the property's desirability. This investment shines with its ability to generate immediate cash flow, thanks to a strategic setup where tenants cover their heating and electric costs, thereby minimizing owner expenses to just trash and water services. Coupled with the potential for rent increases, this property is poised for enhanced revenue, promising long-term value appreciation in a thriving rental market. This property is not just an investment but a chance to secure a footprint in Kalamazoo's real estate landscape, offering both quality and potential. Whether you're a seasoned investor or new to the market, seize this unparalleled opportunity to expand your portfolio with a property that promises immediate profitability and future growth. Reach out today to explore this exceptional investment and embark on a prosperous investment journey.
48 days on Redfin
Multi-family (2-4 unit)
Built in 1905
0.25 acres
10 parking spaces
3% buyer's agent fee
Kalamazoo
Listed by Zac Folsom• Zac Folsom Group
Redfin checked: 3 minutes ago (Apr 25, 2024 at 1:40pm)
•Source:SW Michigan MLS #24011336
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Directions
Payment calculator
$2,748 per month
Principal and interest$1,868
Property taxes$737
Homeowners insurance$143
Down payment
20% ($66,000)
Home price
$330,000
Loan details
7.62%
Additional resources
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Property details for 612 Douglas Ave
Parking
Parking Information
Parking Total: 10
Interior
Heating & Cooling
Has Heating
Heating: Radiant, Natural Gas
Room Information
Basement: Michigan Basement
Exterior
Building Information
Construction Materials: Wood Siding
Exterior Features
Year Built: 1905
Lot Information
Lot Size Acres: 0.25
Lot Size Area: 0.25
Lot Size Units: Acres
Property Information
Property Type: Multi-Family
Property Sub Type: 2 to 4 Units
Number Of Buildings: 1
Financial
Tax Information
Tax Year: 2023
Tax Annual Amount: $8,844.39
Tax Assessed Value: $127,600
Utilities
Utility Information
Sewer: Public Sewer
Utilities: Natural Gas Available, Natural Gas Connected
Location
Multi-Unit Information
# Of Units Total: 4
School Information
High School District: Kalamazoo
Location Information
Directions: South on Douglas to Home (E side of street)
Other
Listing Information
Compensation Disclaimer: The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
Details provided by SW Michigan MLS and may not match the public record. Learn more.
Sale and tax history for 612 Douglas Ave
Sale History
Tax History
Public facts and zoning for 612 Douglas Ave
Beds
—
Baths
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
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Total Sq. Ft.
—
Stories
—
Lot Size
0.25 Acres
Style
Single Family Residential
Year Built
—
Year Renovated
—
County
Kalamazoo County
APN
06-16-265-024
Home facts updated by county records on Apr 15, 2024.
612 Douglas Ave is a multi-family home on a 0.25 acre lot with 6 bedrooms and 4 bathrooms. 612 Douglas Ave is a multi-family home currently priced at $330,000.
How many photos are available for this home?
Redfin has 17 photos of 612 Douglas Ave.
How much is this home worth?
Based on Redfin's Kalamazoo data, we estimate the home's value is $319,570
How long has this home been listed on Redfin?
612 Douglas Ave has been listed on Redfin for 48 days since March 08, 2024.
When was this home built and last sold?
612 Douglas Ave was built in 1905 and last sold on May 10, 2022 for $235,000.
How competitive is the market for this home?
Based on Redfin's market data from the past 6 months, we calculate that market competition in 49007, this home's neighborhood, is somewhat competitive. Homes sell for about 5% below list price and go pending in around 51 days. Hot homes can sell for around list price and go pending in around 15 days. Compared to nearby markets, 49007 is more competitive than Portage and less competitive than Parchment.