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Property profile

330 Grand St Schoolcraft, MI 49087

OFF-MARKET
Apartment buildings
Property ID
US43-4157324
3,460 SF 0.42 ac lot Built 1870
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Property summary

AI-generated overview

This fully occupied four-unit apartment building presents a compelling investment opportunity in Schoolcraft, Michigan. Located on a 0.42-acre lot at the corner of Grand Street (US-131) and Lovell Street, this property offers excellent visibility and accessibility. The building, constructed in 1870, comprises 3,460 square feet across two stories. The layout includes two two-bedroom, one-bathroom units on the first floor and two one-bedroom, one-bathroom units on the second floor. Currently, all units are occupied, with one first-floor unit owner-occupied. The property is zoned B-1 and features a Kalamazoo County address with the APN 391419140090. This multifamily property offers a strong cash flow potential and benefits from its established tenancy and desirable location. Prospective buyers should schedule showings in advance and refrain from directly contacting tenants. The asking price for this exceptional investment opportunity is $279,000.

Property profile

Verified
Property type Apartment buildings
Year built 1870
Total area 3,460 SF
Lot 0.42 ac (18,295 SF)
UPID US43-4157324

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

330 Grand St Schoolcraft, MI 49087
Schoolcraft metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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