$1,290,000
Kalamazoo, MI 49004
MLS# 26032526
1 / 48
Property Description
16 unit multi-family property offering a fantastic investment opportunity. 14 of 16 units currently rented at less than market rents so there is room for value add. Owner is willing to do seller financing and the current mortgage is assumable with a 6.11% interest rate. There are 11 units with 2 bedroom and 1 bath and 5 units with 1 bedroom, 1 bath. 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!
Details
Documents
Location & Property Info
Cross Streets: Riverview Dr
Property Sub-Type: 5+ Units
Municipality: Parchment City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 0x0
Road Frontage: 0
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 32
School District: Parchment
Lot Measurement: Acres
Lot Square Footage: 37897
Lot Acres: 0.86
Year Built: 1973
Tax Info
Taxable Value: 249000
SEV: 249000
For Tax Year: 2025
Seller's Annual Property Tax: 17099
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: R-MUL
Tax ID #: 06-02-201-040
Remarks & Misc
Public Remarks: 16 unit multi-family property offering a fantastic investment opportunity. 14 of 16 units currently rented at less than market rents so there is room for value add. Owner is willing to do seller financing and the current mortgage is assumable with a 6.11% interest rate. There are 11 units with 2 bedroom and 1 bath and 5 units with 1 bedroom, 1 bath. 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!
Legal: 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'-10 W 165.01 FT TH N 0-10'-28 E 300.18 FT TO BEG *
Waterfront Options
Water Access Y/N: No
Lot Description
Level: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Private Water: 1
Terms Available
Assumable: 1
Cash: 1
Conventional: 1
Other: 1
Mineral Rights
Unknown: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Hot Water: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Shared Paved: 1
Substructure
Full: 1
Owner Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: 11 Units Like This
SqFt: 582
Occupied: Yes
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: 5 Units Like This
SqFt: 450
Occupied: Yes
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kalamazoo
Street #: 1710
Street Direction: E
Street Name: G
Suffix: Avenue
State: MI
Zip Code: 49004
Zip (4): 49004
OfficeContract Info
Status: Active
Current Price: $1,290,000
List Price: $1,290,000
Listing Date: 2026-06-27
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Lot Description: Level
Sewer: Public Sewer
Water: Private Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard; Hot Water
Air Conditioning: Wall Unit(s)
Driveway: Shared Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Assumable; Cash; Conventional; Other
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Dishwasher; Range Oven; Refrigerator
Unit 2: Dishwasher; Range/Oven; Refrigerator
SD 
Listing Office: ReSIDE Grand Rapids
Listing Agent: Connor Anderson
Last Updated: June - 28 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.