$375,000
Kalamazoo, MI 49001
MLS# 26046705
1 / 5
Property Description
Two historic buildings, one turnkey income stream near downtown Kalamazoo. Built in 1912, six fully-occupied units (four 2-bed, two 1-bed) sit walking distance to WMU, Kalamazoo College, and Bronson Hospital, right on the bus line — a tenant mix that spans students, hospital staff, and young professionals. Sold at $375,000 — roughly $62,500/door, a basis that leaves room for long-term rent growth. Tenants cover gas and electric; owner pays only water. Shared coin-op laundry adds ancillary income. Separate heat systems per unit isolate maintenance and reduce turnover friction, while public water/sewer and paved off-street parking keep upkeep low. A clean, cash-flowing asset in one of Kalamazoo's most consistently rentable pockets.
Details
Location & Property Info
Cross Streets: Ranney and Burr Oak
Property Sub-Type: 5+ Units
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 115.78
General Property Info
New Construction: No
Lot Dimensions: 160x60
Road Frontage: 60
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2022-03-21
Waterfront: No
Basement: Yes
Total # Units: 6
# of Diff Unit Floor Plans: 5
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 3239
Total Parking Spaces: 8
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 9583
Lot Acres: 0.22
Year Built: 1912
Tax Info
Taxable Value: 57441
SEV: 89000
For Tax Year: 2021
Seller's Annual Property Tax: 9187
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: none known
Tax ID #: 390622161101
Remarks & Misc
Public Remarks: Two historic buildings, one turnkey income stream near downtown Kalamazoo. Built in 1912, six fully-occupied units (four 2-bed, two 1-bed) sit walking distance to WMU, Kalamazoo College, and Bronson Hospital, right on the bus line — a tenant mix that spans students, hospital staff, and young professionals. Sold at $375,000 — roughly $62,500/door, a basis that leaves room for long-term rent growth. Tenants cover gas and electric; owner pays only water. Shared coin-op laundry adds ancillary income. Separate heat systems per unit isolate maintenance and reduce turnover friction, while public water/sewer and paved off-street parking keep upkeep low. A clean, cash-flowing asset in one of Kalamazoo's most consistently rentable pockets.
Lot Description
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Phone Available: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Exterior Material
Stucco: 1
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Paved: 1
Substructure
Full: 1
Extras
Laundry Facility: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Water: 1
Unit 1
Unit #: 1
Unit Description: 906 Lower Unit 1
Occupied: Yes
Monthly Rent: 900
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 2
Unit #: 2
Unit Description: 906 Upper Unit 2
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 3
Unit #: 3
Unit Description: 908 Main Floor
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 4
Unit #: 4
Unit Description: 908 Floor 2 and 3
Identical Units: 1
Occupied: No
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 5
Unit #: 5
Unit Description: 908 Basement
Occupied: Yes
Monthly Rent: 700
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 6
Unit #: 6
Unit Description: Second home
Occupied: Yes
Monthly Rent: 825
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kalamazoo
Street #: 908
Street Direction: S
Street Name: Park
Suffix: Street
State: MI
Zip Code: 49001
OfficeContract Info
Status: Active
Current Price: $375,000
List Price: $375,000
Listing Date: 2026-09-02
Remarks Misc
Directions: North on S. Westnedge Ave to S. Park Street, continue north past Burr Oak Street on the west side of S. Park Street just south of Ranney Street.
Property Features
Exterior Material: Stucco; Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Phone Available
Extras: Laundry Facility; Sep Electric Meter; Sep Gas Meter
Owner Pays: Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: A/C Unit; Range Oven; Refrigerator; Sep. Heat System
Unit 2: Range/Oven; Refrigerator; Sep. Heat System
Unit 3: Range/Oven; Refrigerator; Sep. Heat System
Unit 4: Range/Oven; Refrigerator; Sep. Heat System
Unit 5: Range/Oven; Refrigerator; Sep. Heat System
Listing Office: MOXIE Real Estate + Development
Listing Agent: Kyle J Kimble
Last Updated: September - 02 - 2026
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