$270,000
Parchment, MI 49004
MLS# 21107857
Status: Sold
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Property Description
Great opportunity to own two rental buildings next to each other (totaling 5 units) and perfectly located in Parchment close to stores, etc.. Building 424 has 3 units. #1 has one bedroom while #2 and #3 each have two bedrooms. Unit #2 also includes a garage and a basement with the rental. Tenants pay gas and electric in building 424. Building 426-428 is a duplex. Each side includes 2 bedrooms. Boiler heat was replaced 3/2017. Tenants pay electric.
Details
Maps
Location & Property Info
County: Kalamazoo
Street #: 424-428
Street Direction: N
Street Name: Riverview
State: MI
Zip Code: 49004
Cross Streets: Elsmere street
Property Sub-Type: 5+ Units
Area: Greater Kalamazoo - K
Municipality: Parchment City
Office/Contract Info
Status: Sold
Current Price: $270,000
List Price: $290,000
Auction or For Sale: For Sale
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2021-09-26
General Property Info
Lot Measurement: Acres
Lot Square Footage: 6534
Lot Acres: 0.15
Lot Dimensions: 50X132
Year Built: 1972
New Construction: No
Financial Available: Yes
Financial Comments: See external docs
Road Frontage: 50
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 1
Total Parking Spaces: 8
Waterfront: No
School District: Parchment
Tax Info
Tax ID #: 06-02-140-340 & 06-02-140-330
Taxable Value: 116000
SEV: 116000
For Tax Year: 2019
Annual Property Tax: 8536.35
Tax Year: 2021
Spec Assessment & Ty: none known
Remarks & Misc
Directions: Riverview north of Mosel to property. Just before Elsmere.
Legal: ELMHURST PARK LOT 98 and ELMHURST PARK LOT 99
Status Change Info
Under Contract Date: 2021-12-16
Sold Date: 2022-02-15
Sold Price: $270,000
Access Feat
Accessibility Features: No
Unit 1
Unit Description: 426
Occupied: Yes
Monthly Rent: 675
Bedrooms: 2
Bathrooms: 1
Unit 2
Unit Description: 428
Occupied: Yes
Monthly Rent: 650
Bedrooms: 2
Bathrooms: 1
Unit 3
Unit Description: 424-1
Monthly Rent: 500
Bedrooms: 1
Bathrooms: 1
Unit 4
Unit Description: 424-2
Monthly Rent: 626
Bedrooms: 2
Bathrooms: 1
Unit 5
Unit Description: 424-3
Monthly Rent: 495
Bedrooms: 2
Bathrooms: 1
Property Features
Exterior Material: Aluminum Siding; Brick
Roofing: Composition
Substructure: Full; Slab
Lot Description: Flag Lot
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone Line
Util Avail at Street: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone Line
Extras: Garages; Tenant Storage
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water
Air Conditioning: None
Driveway: Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Listing Office: Keller Williams Kalamazoo Market Center
Listing Agent: Joe Richards
Last Updated: February - 19 - 2022
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