190 Blake Blvd Galesburg, MI 49053

Listing agency NAI Wisinski of West Michigan - Kalamazoo k***@naiwwm.com Show Phone

Listed by Kara Schroer, CCIM · License #MI 6501373674

Source Crexi

Added: Apr 11 Updated: Jul 20 at 7:53PM Checked: Jul 21 at 6:23AM

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Investment Insights

Based on property information with market context.

This fully occupied historic 1890s quadplex has been updated and rebuilt on a new foundation. The property was completely updated about eight years ago, with new mechanical, plumbing, and electrical systems, plus a French drain with sump (the basement has remained dry). The roof is approximately seven years old, and refrigerators were replaced one year ago. On-site amenities include coin-op washer/dryer and storage units in the basement.

A paved lot rated for parking up to 10 cars supports the building in the downtown Galesburg area. Professional management is in place, and the landlord pays cable and internet. The offering is presented with a stated 7.14% cap rate, and expenses are approximately $950 per month. 2022 financials and lease information are available for review upon signed NDA.

Key Highlights

• Fully occupied 1890s historic quad plex with a 7.14% cap rate
• Completely updated about 8 years ago with new mechanicals, plumbing, and electrical
• French drain with sump; basement reported as always dry

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FAQs

What type of property is this?

Quadplex - Fully occupied historic quadplex with coin-op laundry, basement storage, and a paved lot for 10 cars.

Where is this quadplex located?

The property is located at 190 Blake Blvd Galesburg, MI.

What are key features of this property?

This property features: Fully occupied 1890s historic quad plex with a 7.14% cap rate; Completely updated about 8 years ago with new mechanicals, plumbing, and electrical; French drain with sump; basement reported as always dry