509 Oak Street, Kalamazoo, MI 49007
$277,000 - Sold
- MLS#: 23135383
- Number of Units: 4
- Type: 2 to 4 Units
- School District: Kalamazoo
- County: Kalamazoo
- Taxing Authority: Kalamazoo City
- Year Built: 1895
- Basement: Yes
- Air: None
- Lot Size: 41.25x66
- Square Footage: 0
- Exterior: Wood Siding
- Water: Public
- Acreage: .06
- Heat: Forced Air/Natural Gas
- PPN: 3900621237008
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Electric,Natural Gas
- Utilities Available at Street: Public Sewer,Public Water
- Extras: Laundry Facility
- Lot Description:
- Frontage/Type: 41 / Street, 0 / Water
- Terms: Assumable, Cash, Conventional
- Original Price: $293,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: From W Cedar, go south on Oak, property on left
- Property Description: 4 Unit investment property located in the northern side of the Vine Neighborhood, and features four unique 1 bedroom, 1 bathroom units - highly desirable to tenant occupants due to location and all utilities included. Property has a new roof in 2019, furnace 2014, water heater in 2022, upgraded electrical in 2014 & 2023, and exterior paint in 2016 with City required touch-ups in 2023. Unit interiors have been updated as turnovers occur allowing rent increases. Easily accessible basement with coin laundry. There are two, off-street stack parking spaces on the north side of the building with 1 off-street parking space on the south side. Property City Certified through 12/31/2026. There is a 4% assumable loan available as a financing option.This Four-Plex is one property of a 2 property portfolio offering totaling 9 units. The second property is 529 Wheaton Avenue (mls#23133051). The seller is looking to sell these together but would be open to discussing the purchase of either property individually.
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