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708 Mills Street

Kalamazoo, MI 49001
  • $588,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: 24014226
UPDATED: 85 min ago
$588,000
  • 8
    BEDS
  • 0.23
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1903
County:

School Ratings & Info

School District:

Description

Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-29T12:59:54.557.
www.real5.com/homes/148890175
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708 Mills Street Kalamazoo, MI 49001

  • Price: $588,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 85 min ago
  • MLS #: 24014226
8
Beds
7
Baths
0
½ Baths
0.23
Acres
1903
Built
Neighborhood:
Kalamazoo City
County:
Kalamazoo
School District:
Kalamazoo
Property Description
Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.
Exterior Features

Attached Garage YN No Construction Materials Brick Driveway Paved YN Yes Driveway Unpaved YN Yes Lot Features LevelSidewalk Parking Total 12 Waterfront YN No

Interior Features

Basement Other Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Heating Wall FurnaceNatural Gas Heating YN Yes

Property Features

Auction Or For Sale For Sale Cross Street Kings Hwy N & 4th St Documents Available [] Listing Terms CashConventional New Construction YN No Owner Pays WaterSewerGas Property Sub Type 5+ Units Sewer Public Sewer Tax Annual Amount 3285.02 Tax Year 2023 Tenant Pays ElectricGas Utilities None AvailableNatural Gas ConnectedElectric Connected Zoning M-1

Listing provided courtesy of Shawn Jacobs of MOXIE Real Estate + Development: 616-890-7794. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-29T12:59:54.557.
 
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