1710 E G Avenue, Parchment, MI 49004 (MLS# 25013117)
1710 E G Avenue, Parchment, MI 49004
$1,600,000
Property Type:
Multi Family
Lot Size (sq. ft.):
37,462
Status:
Active
Current Price:
$1,600,000
List Date:
4/02/2025
Last Modified:
4/24/2025
Description
Rare 16 unit multi-family property offering a fantastic investment opportunity. Current gross rents of around $15,000 a month. Market rents are around $18,000 a month, so some room for value add. There are 11 units with 2 bedroom and 1 bath and 5 units with 1
bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. The majority of the units have interiors that have been recently
renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!
More Information MLS# 25013117
Location Property Info
County: Kalamazoo
Street #: 1710
Street Direction: E
Street Name: G
Suffix: Avenue
State: MI
Zip Code: 49004
Zip (4): 49004
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Active
Current Price: $1,600,000
List Price: $1,600,000
Listing Date: 2025-03-24
General Property Info
Lot Measurement: Acres
Lot Square Footage: 37462
Lot Acres: 0.86
Lot Dimensions: 0x0
Year Built: 1973
New Construction: No
Cert of Compliance: Yes
Total # Units: 16
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 32
Waterfront: No
School District: Parchment
Tax Info
Tax ID #: 06-02-201-040
Taxable Value: 242130
SEV: 259200
For Tax Year: 2024
Annual Property Tax: 12534
Tax Year: 2024
Spec Assessment & Ty: None Known
Zoning: R-MUL
Remarks Misc
Directions: South on Riverview Dr, East on G Ave.
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Unit 1
SqFt: 582
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit 2
SqFt: 450
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Lot Description: Level
Sewer: Public Sewer
Water: Private Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard; Hot Water
Air Conditioning: Wall Unit(s)
Driveway: Shared Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Assumable; Cash; Other
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Dishwasher; Range Oven; Refrigerator
Unit 2: Dishwasher; Range/Oven; Refrigerator
Listing Office: MOXIE Real Estate + Development
Listing Agent: Connor Anderson
Last Updated: April - 24 - 2025
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