$310,000
$315,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
425 Douglas Avenue Kalamazoo, MI 49007
2 Beds
6,534 Sqft Lot
Key Details
Sold Price $310,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 66024015589
Sold Date 05/08/24
Bedrooms 2
Originating Board Greater Kalamazoo Association of REALTORS®
Year Built 1924
Annual Tax Amount $6,676
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 43x144
Property Description
Discover an exceptional opportunity in the vibrant heart of Kalamazoo, where multifamily living meets modern convenience and timeless design. This beautifully designed duplex, with the potential to transform back into a triplex, presents a unique investment opportunity or an ideal scenario for those looking to delve into house hacking.Each unit within this remarkable property spans over 1600 square feet, offering spacious 3-bedroom, 1-bathroom layouts that defy the expectations of typical rental accommodations. Far from the choppy floor plans often found in the area, these units feature seamless, well-thought-out spaces that promise comfort and privacy for occupants.Situated within walking distance of K College and its renowned tennis courts, this duplex not only enjoys aprime location but also boasts incredible rental potential, especially if leased by the bedroom. It's an investor's dream, with the added appeal of catering to the vibrant student and young professional community in Kalamazoo.
Inside, the property doesn't shy away from modern advancements. Equipped with new German-engineered boilers, residents can enjoy precise temperature control directly from their smartphones, ensuring comfort throughout the changing seasons. The property also features a newer roof, an updated 3-car detached garage, and a charming brick exterior that exudes timeless elegance.
Currently, the home is fully tenanted, with the upstairs lease concluding in the summertime. This timing is perfect for those looking to step into the landlord role with minimal vacancy or for an investor aiming to optimize rental income. The existing tenants underscore the property's appeal and its readiness as a turn-key investment.
In essence, this duplex offers more than just a living space; it's a smart investment in one of Kalamazoo's most sought-after locations. Whether you're an investor looking to expand your portfolio or someone exploring the advantages of house hacking, this property promises not just returns, but a gateway to a vibrant comm
Location
State MI
County Kalamazoo
Area Kalamazoo
Direction Kalamazoo to Douglas to home on Left
Interior
Heating Hot Water, Radiant
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Brick
Schools
School District Kalamazoo
Others
Pets Allowed Yes
Tax ID 0616334008
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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Bought with Zac Folsom Group