Listing provided courtesy of Coldwell Banker Realty- MLS# 26029550
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3116 N Whittier DriveKalamazoo, MI 49001
Multi-Family · 0.14 Acres$199,888
Active
3116 N Whittier Drive Overview
- Time on Site:
- 14 days
- Visits:
- 0
Turnkey 3-unit investment property in the desirable Milwood neighborhood of Kalamazoo. All three units have been fully renovated within the last 4 years with updated kitchens, bathrooms, and finishes throughout. Rents have been significantly increased from prior ownership, growing from a combined $2,010 per month to $2,589 per month gross, representing 29% rent growth with $31,068 in annual gross income. The value-add work still to be done would be splitting utilities and further increasing rents. Each unit is one bedroom and one bath. Owner pays water, gas/electric, trash, landscaping, and snow removal. Plenty of parking is available with one assigned space per unit. Current rents are Unit 1 at $849, Unit 2 at $900, and Unit 3 at $840. All units are occupied with leases in place. This is a stabilised, income-producing asset in a desirable area with modern interiors and strong rent history. Ideal for those looking for immediate cash flow. Gas/Electric = $407/mo Water/sewer $75/mo.
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3116 N Whittier Drive Facts & Features
- Type Multi-Family
- Lot 0.14 Acres
Details
General
Building Information
- New Construction: No
- Year Built: 1912
Location/Region
- County Or Parish: Kalamazoo
Rent/Lease Information
- Tenant Pays: Trash
Tax Information
- Tax Annual Amount: 5074.0
General Information
- Parcel Number: 06-26-474
- Property Sub Type: 2 to 4 Units
- Property Type: Multi Family
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
Exterior
Lot Information
- Lot Size Acres: 0.14
- Lot Size Area: 0.14
- Lot Size Dimensions: 50*120
- Lot Size Square Feet: 6098.0
- Lot Size Units: Acres
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Vinyl Siding,Wood Siding
General Information
- Number Of Units Total: 3
- Sewer: Public Sewer
- Utilities: Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected
3116 N Whittier Drive Neighborhood
Community
49001 (Kalamazoo) Demographics
32
Median Age
2,805
Population Density (per sq. mile)
37%
College Educated
$46,124
Estimated Median Income
4,727
Estimated Total Home Owners
4,363
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3116 N Whittier Drive Monthly Cost
3116 N Whittier Drive Market Data
Based on the last 30 days in this zip code
$185,061
Average List Price
$130
Average Price per Square Foot
18
Properties Sold
81
Average Days on Market
110
Properties for Sale