130 S Clarendon St Kalamazoo, MI 49006
- Commercial real estate
- 6,912 SF
- 0.60 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 130 S Clarendon St
- Year built
- 1982
- Lot size
- 0.60 lot acres
- Property size
- 6,912 SF
- Property type
- Commercial real estate
Description
This exceptional 8-unit apartment building, situated on a 0.6-acre lot in Kalamazoo, Michigan, presents a compelling investment opportunity. Built in 1982, the property comprises two, two-story buildings totaling 6,912 square feet. Each building offers convenient coin-operated laundry facilities for residents. The property has undergone significant renovations, including updated hallways, common areas, and several units, showcasing a commitment to quality and maintenance. Its prime location places it within walking distance of Western Michigan University and Kalamazoo College, ensuring consistent tenant demand. Proximity to Academy and Henderson Park further enhances its appeal. The property's current configuration offers immediate rental income, with significant potential for increased profitability. A utility bill-back program could be implemented to further enhance returns and align rents with market rates. This property is ideal for both seasoned investors seeking to expand their portfolio and new investors entering the market. The asking price is $800,000. The property address is 130 S Clarendon St, Kalamazoo, MI 49006.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kalamazoo
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.6127103
- Latitude
- 42.2915076
