1710 E G Avenue Parchment, MI 49004

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$1,950,000

Market Estimate

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0 Beds
0 Baths
Multi-Family
MLS# 70439124

Listing provided courtesy of: Keller Williams GR East - (616) 575-1800

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Property Details

Description

This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping.

General Features
- Acreage 0.86
- Area Municipality Parchment (39025)
- County Kalamazoo
- Originating MLS Greater Regional Alliance of REALTORS
- Waterfront Y/N No
- Year Built 1973
Building Features
- Exterior Construction Vinyl Siding
- FUEL TYPE Natural Gas
- Heating System Baseboard, Hot Water
Property Features
- Sewer Septic Public Sanitary
- Roads City/County, Paved Street
- Lot Size 0 X 0
- Water Public Water
Schools
- School District Parchment School District

Neighborhood

49004 (Parchment) Demographics

38 Median Age

801 Population Density (per sq. mile)

41% College Educated

$59,595 Estimated Median Income

5,281 Estimated Total Home Owners

1,549 Estimated Total Renters

77% / 23% Estimated Owner / Renter Divide

2 Estimated Average Household Size

17,005 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$185,000 Median Sales Price

25 Homes Sold

45 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $1,950,000
10/28/2024 6:25:00 PM	New in Database Source: Multiple Listing Service	New Value: $1,950,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.