20
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$550,000
Est. payment /mo
7,680 SqFt
Pending
4238/4308 Moreland Street Kalamazoo, MI 49001
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,680 sqft
Price per Sqft $71
MLS Listing ID 70485797
Year Built 1960
Annual Tax Amount $11,935
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 60x264
Property Sub-Type Multi-Family
Property Description
Excellent investment opportunity! This well-maintained two-building, eight-unit apartment complex offers strong income with $88,800 in gross annual rents and full occupancy. Features include six 2-bedroom units and two 1-bedroom units, a laundry room with coin-operated washer and dryer, and covered carports. Recent updates include newer windows and roofs, reflecting the pride of ownership throughout. Solid brick construction and rental certified through 2027 provide peace of mind for investors. Convenient layout and well-kept condition make this a turnkey addition to any portfolio.
Location
State MI
County Kalamazoo
Area Kalamazoo (39022)
Interior
Heating Hot Water
Exterior
Exterior Feature Aluminum, Brick
Parking Features Carport
Amenities Available Laundry Facility
Building
Foundation Slab
Structure Type Aluminum,Brick
Schools
School District Kalamazoo Public School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Keller Williams GR East