4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY - KALAMAZOO, MI

2708 Nichols Road, Kalamazoo, MI 49004

  • For Sale $329,000
  • Property Type Multi-Family
  • Property Size 3,600 SF
  • Units 4
  • Lot Size 0.3 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Date Updated Aug 1, 2024
Corner of Nichols Road and Barney Road in NW Kalamazoo.MULTIFAMILY INVESTMENT OPPORTUNITY: This multifamily property offers 4 units of approx. 900 SF – 2 units are garden-level – featuring 2 bedrooms/1 bathroom with exterior entrance, gas boiler baseboard heat, split-system wall A/C units, and 1 unit with dishwasher. Building is stick-built, vinyl-sided, 2-story construction situated on a 0.30-acre parcel on Kalamazoo’s northwest side. Additional amenities include interior common entrance, common-area stackable washer/dryer, on-site parking (approx. 10 spaces), and common-area janitorial, lawncare, and parking lot snow removal services. Tenants are responsible for unit electric, telephone, cable/data, and rental insurance. Location offers a suburban feel close to downtown Kalamazoo, WMU and Kalamazoo College, as well as the W. Main St./N. Drake Rd. retail corridor. Great rental history. 100% occupied with month-to-month leases. No showings prior to executed purchase agreement. Sale subject to tenants in possession. Please do not approach tenants or walk the property without prior approval. Property is professionally managed. Contact agent for additional details.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Fully occupied 4-unit investment property with great rental history
  • Approx. 3,600 SF, two-story building on 0.30-acre parcel on Kalamazoo’s northwest side
  • Built in 1974, this multifamily property offers 4 identical, approx. 900 SF units - 2 units are garden-level - featuring 2 bedrooms/1 bathroom with exterior entrance, gas boiler baseboard heat, split-system wall A/C units, and dishwasher (1 unit only)
  • Additional amenities include interior common entrance, common-area stackable washer/dryer, on-site parking (approx. 10 spaces), and common-area janitorial, lawn care, and parking lot snow removal services
  • Tenants responsible for unit electric, telephone, cable/data, sidewalk snow removal, and rental insurance
  • Location offers a suburban feel close to downtown Kalamazoo (approx. 4 miles) and the busy W. Main St./N. Drake Rd. retail corridor (approx. 2.5 miles)
  • Zoned RM-1 - Multiple Family Residential in Kalamazoo Township

Contacts

broker

Jodi Milks, CCIM

NAI Wisinski of West Michigan

Location

Getting Around

  • Walk Score ®

    31/100 Car-Dependent

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Kalamazoo, MI
  • Neighborhood Westwood
  • Zip Code 49004
  • Market Grand Rapids

Points of Interest

  • Pacific Pride

    0.24 miles

  • BP

    0.26 miles

  • Sunoco

    1.29 miles

  • BP

    1.77 miles

  • Marathon

    1.78 miles

  • Marathon

    1.79 miles

  • Shell

    1.94 miles

  • Marathon

    2.19 miles

  • Pacific Pride

    2.28 miles

  • ChargePoint

    2.56 miles

  • Parking Lot 55

    1.90 miles

  • Parking Lot 56

    1.95 miles

  • Parking Lot 54

    1.95 miles

  • Parking Lot 57

    1.96 miles

  • Parking Lot 53

    2.04 miles

  • Parking Lot 58

    2.05 miles

  • Parking Lot 59

    2.09 miles

  • Parking Lot 53

    2.09 miles

  • Parking Lot 81

    2.10 miles

  • Parking Lot 97

    2.11 miles

  • Henderson Castle

    2.13 miles

  • Super 8 by Wyndham Kalamazoo

    2.27 miles

  • Comfort Inn

    2.61 miles

  • Hilton Garden Inn

    2.79 miles

  • Radisson Plaza Hotel at Kalamazoo Center

    2.90 miles

  • Staybridge Suites

    3.28 miles

  • WoodSpring Suites

    3.38 miles

  • Red Roof Inn

    3.65 miles

  • Baymont by Wyndham Kalamazoo

    3.71 miles

  • Best Western Plus Kalamazoo Suites

    3.89 miles

  • Little Caesars

    1.63 miles

  • Subway

    1.68 miles

  • Popeyes

    1.68 miles

  • Main Street Pub

    1.69 miles

  • The Hangar

    1.71 miles

  • Smashburger

    1.71 miles

  • Papa Murphy's Take 'n' Bake

    1.72 miles

  • Qdoba

    1.73 miles

  • Penn Station

    1.76 miles

  • Pizza Hut

    1.79 miles

  • Indian Prairie Elementary

    0.48 miles

  • Kalamazoo Central High School

    0.94 miles

  • King-Westwood Elementary School

    1.14 miles

  • Hillside Middle School

    1.27 miles

  • Kalamazoo Regional Educational Service Agency West Campus

    1.39 miles

  • Reformed Heritage Christian School

    1.45 miles

  • Northglade Montessori Magnet School

    1.93 miles

  • West Main Professional Development Center

    1.95 miles

  • North Christian School

    2.00 miles

  • Parchment Northwood Elementary School

    2.06 miles

  • Gilden Woods Early Care and Preschool

    2.36 miles

  • Plainwell Corners Preschool

    8.40 miles

Frequently Asked Questions

How much does 4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY - KALAMAZOO, MI cost?

The space currently listed for sale at 4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY - KALAMAZOO, MI asks for $329,000.

What is the total square footage of 4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY - KALAMAZOO, MI?

4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY - KALAMAZOO, MI totals 3,600 square feet.

When was this property built?

4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY - KALAMAZOO, MI was built in 1974.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Jodi Milks, CCIM

NAI Wisinski of West Michigan