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Listing provided courtesy of Lukeman Group LLC- MLS# 26009891MLS Provider

447 W Walnut StreetKalamazoo, MI 49007

Multi-Family · 0.31 Acres
$1,100,000 Active

447 W Walnut Street Overview

Time on Site:
107 days
Visits:
0

Unique opportunity to own an historical gem in the heart of Kalamazoo's Vine Neighborhood. This 15 unit 3 story brick apartment building has had significant capital improvements over the years while maintaining it's 1907 character. 9 of the 15 units have had kitchen and bathroom remodels. Hardwood floors and built ins are featured in many units. Building features (9) 1 bedroom units, (5) 2 bedroom units, and a 4 bedroom unit. New electrical panel upgrades for all 15 units, back up electric heating systems in 4 units and 2 commercial water heaters, Rents have increased year over year. Historically fully occupied. Certification through 7/31/27. Seller is a licensed Realtor in the State of MI.

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447 W Walnut Street Facts & Features

  • Type Multi-Family
  • Lot 0.31 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1905

Location/Region

  • County Or Parish: Kalamazoo

Rent/Lease Information

  • Tenant Pays: Electric

Tax Information

  • Tax Annual Amount: 11758.41

General Information

  • Parcel Number: 06-22-115-050
  • Property Sub Type: 5+ Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Laundry Features: Common Area,In Basement

Exterior

Parking Information

  • Parking Features: Driveway,Gravel

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Size Dimensions: 132x103
  • Lot Size Square Feet: 13504.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick
  • Roof: Rubber

General Information

  • Number Of Units Total: 15
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected

447 W Walnut Street Neighborhood

Community

49007 (Kalamazoo) Demographics

27
Median Age
3,006
Population Density (per sq. mile)
28%
College Educated
$34,033
Estimated Median Income
1,189
Estimated Total Home Owners
3,080
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

447 W Walnut Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

447 W Walnut Street Market Data

Based on the last 30 days in this zip code

$173,054
Average List Price
$120
Average Price per Square Foot
10
Properties Sold
98
Average Days on Market
61
Properties for Sale
Calculations provided by Reliance Network