4238/4308 Moreland Street, Kalamazoo, MI 49001

$550,000

Est. payment - /mo

0.36 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 25039141

Year Built 1960

Annual Tax Amount $11,935

Tax Year 2024

Lot Size 0.364 Acres

Property Sub-Type 5+ Units

Property Description

Excellent investment opportunity! This well-maintained two-building, eight-unit apartment complex offers strong income with $88,800 in gross annual rents and full occupancy. Features include six 2-bedroom units and two 1-bedroom units, a laundry room with coin-operated washer and dryer, and covered carports. Recent updates include newer windows and roofs, reflecting the pride of ownership throughout. Solid brick construction and rental certified through 2027 provide peace of mind for investors. Convenient layout and well-kept condition make this a turnkey addition to any portfolio.

Location

State MI

County Kalamazoo

Area Greater Kalamazoo - K

Interior

Heating Hot Water

Cooling Window Unit(s)

Fireplaces Number 2

Laundry Common Area, Lower Level

Exterior

Parking Features Asphalt, Driveway

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Building

Sewer Public Sewer

Structure Type Aluminum Siding,Brick

New Construction No

Schools

School District Kalamazoo

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Keller Williams GR East
Bought with Bellabay Realty LLC

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Core Realty

+1(231) 375-5273

Brokerage | License ID: 6505385692

Brokerage License ID: 6505385692

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4238/4308 Moreland Street Kalamazoo, MI 49001