509 Oak Street

Courtesy of Madison H Lukeman, Lukeman Group LLC

$277,000

509 Oak Street, Kalamazoo, MI 49007

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.

Overview

Property Status

Sold

Date Sold

November 17, 2023

Lot Size

2,744 Sq.Ft.

MLS ID

23135383

Property Type

Other

Year Built

1895

Are you interested?

Schedule a Tour

or

Ryan Prichard

(616) 295-3632 [email protected]

Features & Amenities

Utilities

Natural Gas Connected, Electricity Connected

Roof

Composition

Heat Type

Forced Air

Sewer

Public Sewer

School District

Kalamazoo

Sales Price

$277,000

Real Estate Tax

$3,336/yr

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