Address
515/521 Locust Kalamazoo, MI
Price
$ 550,000
Property Attributes
  • MLS#21024156
  • TypeMulti-Family
  • CountyKALAMAZOO
  • CityKalamazoo
  • AreaKalamazoo City
  • NeighborhoodKalamazoo City
  • Zip49007
  • Style5+ Units
  • Year Built1876
  • Taxes$ 6581
  • Price$ 550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6078
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
Pat O'Brien at O'Brien Real Estate - (269) 381-6470
Data Source:
Michigan Regional Information Center (MICHRIC) - 15 - MI
Property Description

Terrific income opportunity in the Historic Vine Neighborhood! The 2 adjacent properties with 9 units have a total of 16 bedrooms. Tremendous cash flow potential! 521 Locust has a one bedroom and two two bedroom units on the main floor and the upper unit has 6 bedrooms and 2.5 baths. 515 Locust has two studios and three one bedroom units. All units have separate furnaces however gas has not been split yet .Close to WMU, K-College and downtown Kalamazoo. Ample off-street parking. Land contract potential for qualified candidates.

Price History
6/23/2021 Listed $550,000

General Features

Access Feat: Accessibility Features No
Basement Yes
Heating Forced Air
Homestead % 0.00
Municipality Kalamazoo City
New Construction No
Road Frontage 132.00
School District Kalamazoo
Sewer Public
Sub-area K09 - Dntown S To Crosstown
Terms Available Cash, Conventional, Land Contract
Water Public

Interior Features

Heat Source Natural Gas

Exterior Features

Exterior Wood Siding
Mineral Rights Unknown
Substructure Full
Total # Bldgs 2.00
Water Access 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 49007

Price
AVG $250K
$550K
Taxes
AVG $3,314
$6,581
Visits
AVG 48
120
Year Built
AVG 1891
1876

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