$565,000
For Sale

708 Mills Street

Kalamazoo, MI 49001
Browse 16 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.

  • Property Details
      • HeatingWall/Floor Furnace
      • ZoningLight Industrial
      • CoolingWindow Unit(s)
      • Property TypeMulti-Family
      • MLS #65024014226
      • Property SubtypeMultifamily
      • MLS #65024014226
      • Parcel Number0623118003
      • School DistrictKalamazoo
      • CountyKalamazoo
      • RegionKalamazoo
      • Original List Price$598,000
      • Short SaleUnknown
      • Cost565000
      • Year Built1903

Location

Slater Signature HomesReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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