809-807 W Cedar Street, Kalamazoo, MI 49007
- $499,900
- List Price
- $499,900
- Price Change
- ▼ $100 1778711111
- Days on Market
- 82
- MLS#
- 26020369
- Status
- ACTIVE
- Type
- Multifamily
Property Description
7-unit value-add opportunity in the heart of Kalamazoo with multiple paths to ownership and strong upside potential. This property includes two buildings (4-unit and 3-unit) on one parcel, offering flexibility for owner-occupants, investors, or those looking to grow their portfolio. The property presents a clear opportunity to increase income through lease-up and operational improvements. Several units have been updated while others provide a path for continued improvements and repositioning. Located near Western Michigan University, Kalamazoo College, downtown, and major amenities, the property benefits from consistent rental demand and long-term growth potential. Seller is offering flexible purchase options including land contract terms and is open to DSCR financing buyers. Ideal for owner-occupants looking to live in one unit while stabilizing the remaining units. To support lease-up, seller is offering a structured income support credit for any vacant units at the time of closing, providing added confidence during the transition period. Off-street parking, functional unit layouts, and a location that continues to see strong rental demand make this a compelling opportunity for buyers ready to execute. Property is city-certified. Rent roll and financials available upon request. Seller is a licensed real estate agent in the State of Michigan
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Additional Information
- Owner Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Taxes
- $5,709
- Acres
- 0.20
- Basement
- Full, Michigan Basement
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Kalamazoo
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, None
- Total Parking Spaces
- 8
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Jeffrey Glover from Listing Office: Keller Williams Professionals.
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