316/324 Stuart Ave Kalamazoo, MI 49007

This exceptional investment opportunity presents two contiguous historic mansions at 316/324 Stuart Ave, Kalamazoo, MI 49007. Boasting a total of 18 apartment units, many recently remodeled, this 9,276 square foot property sits on a 0.6-acre lot. The buildings, constructed in 1890, feature six stories and include a large carriage house. Residents enjoy ample off-street parking, on-site laundry facilities, and the convenience of being within walking distance of downtown Kalamazoo, Kalamazoo College, and various entertainment, dining, and nightlife options. The property's prime location near the campus and a future arena further enhances its appeal. The zoning is RM-15. With 9,200 square feet of net rentable space, the asking price is $1,400,000, translating to $150.93 per square foot and $77,777.78 per unit. This property is ideal for an owner-user seeking a substantial income-generating asset in a vibrant urban setting. The property's historic charm, combined with its modern amenities and strategic location, makes it a truly unique investment opportunity. This is a rare chance to acquire a significant piece of Kalamazoo's history with strong potential for future appreciation.