330 Grand St Schoolcraft, MI 49087
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.