451 Lovell St Kalamazoo, MI 49007
- Commercial real estate
- 1 SF
- 1.42 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 451 Lovell St
- Year built
- 1979
- Lot size
- 1.42 lot acres
- Property size
- 1 SF
- Property type
- Commercial real estate
- APN
- 06-22-100-001; 06-22-101-003; 06-22-100-009; 06-22-101-005
Description
This exceptional three-property, 47-unit multifamily portfolio presents a compelling investment opportunity in the heart of Kalamazoo, Michigan. Strategically located near downtown, these properties boast a remarkable 87% occupancy rate, demonstrating strong rental demand. The portfolio comprises three buildings situated at 419 W Lovell St, 451 W Lovell St, and 475 W Lovell St, all within walking distance of cultural attractions such as the Kalamazoo Institute of Arts, Kalamazoo Civic Theatre, Kalamazoo Public Library, and Bronson Park. Their convenient proximity to Bronson Methodist Hospital, Western Michigan University, and Ascension Borgess Hospital further enhances their appeal. Built in 1979, these properties sit on a combined 1.416 acres and offer a total of 65 parking spaces. The properties are zoned CC and feature a range of desirable amenities, including a fitness center, carports, an outdoor BBQ and picnic area, and secure basement storage at 475 W Lovell St. Recent capital improvements have been made across all three buildings, ensuring their continued high performance and attractive condition. The portfolio's strong occupancy, prime location, and recent upgrades make it an ideal investment for discerning buyers seeking a stable and high-performing multifamily asset in a thriving Michigan market. The combined APN numbers are 06-22-100-001
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
- -85.5885351
- Latitude
- 42.288582
