Address
1710 E G Avenue, Parchment, MI
Price
$ 1,650,000
Property Attributes
  • MLS#23030618
  • TypeMulti-Family
  • CountyKALAMAZOO
  • CityParchment
  • AreaParchment City
  • NeighborhoodParchment City
  • Zip49004
  • Style5+ Units
  • Year Built1973
  • Taxes$ 11287
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.86 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

Rare 16 unit multi-family property offering a fantastic investment opportunity. Gross market rents of around $18,000 a month. There are 11 units with 2 bedroom and 1 bath and 5 units with 1 bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. The majority of the units have interiors that have been recently renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!

Price History
8/18/2023 Listed $2,000,000
10/30/2023 5% - $1,900,000
12/1/2023 8% - $1,750,000
2/7/2024 6% - $1,650,000

General Features

Sewer Public Sewer
Heating Hot Water,Baseboard,Natural Gas
Cooling Wall Unit(s)
Utilities Public Sewer Available,Natural Gas Available,Electric Available,Natural Gas Connected,Electric Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Vinyl Siding
Year Built 1973
Tenant Pays None
Property SubType 5+ Units
Tax Year 2022
OwnerPays Trash Collection,Electricity,Water,Sewer,Gas
County Kalamazoo
New Construction No
Property Type Multi-Family
Status Active
Directions South on Riverview Dr,East on G Ave.
City Parchment
High School District Parchment
Zoning Description R-M MUL
Total Units 16
MLS Area Greater Kalamazoo - K
Lot Size Square Feet 37462.0
Waterfront Y/N No
Street Name G
Land Lease Y/N No
Tax Annual Amount 11287.66
Lease Renewal Y/N No
MLS Area Minor Greater Kalamazoo - K
Additional Parcels Y/N No
Rent Control Y/N No
Days on Market 234
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 230600
MobileHomeRemainsYN No
Legal Description SEC 2-2-11 BEG IN N LI 498.46 FT ELY OF N1/4 POST TH N 89-51'-10'' E 96.42 FT TH S 0-10'-28'' W 124 FT TH S 29-49' -32'' E 53.52 FT TH N 89-51'-10'' E 41.94 FT TH S 0-10'-28'' W 129.57 FT TH S 89-51'
Senior Community None

Interior Features

Basement Full
Total Fireplaces 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Lot Features Level
Total Parking 32.0
Lot Size Area 0.86
Number of Buildings 2
Spa No
Lot Size Acres 0.86
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 49004

Price
AVG $900K
$1.65M
Taxes
AVG $6,928
$11,287
Visits
AVG 134
255
Data Provided by Inside Real Estate®
Year Built
AVG 1952
1973
Walkscore
AVG 29
29
Data Provided by Walkscore® not using MLS data

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