3419 W Michigan Avenue
Kalamazoo, MI 49006

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Description

Investment-minded buyers—take note! With its proven rental history and prime location within walking distance of Western Michigan University, this certified rental property offers strong cash flow and upside potential. Currently leased to single families at $3,650/month combined, it previously operated as student housing for up to 11 tenants, projecting $62,700-$79,200 annually (approx. 11-15% cap rate) at the new $415,000 price point. Certified with the City of Kalamazoo through Oct 2026, 3419 W Michigan Ave features two connected dwellings joined by a lockable enclosed corridor, allowing use as one large dwelling or two separate spaces. Together they offer 11 bedrooms, 5 baths, updated flooring, modern kitchens with newer appliances and countertops, and in-unit laundry in each dwelling—a rare feature in student housing. Sitting on a 0.43-acre lot with 10 parking spots and full basements, this turnkey property offers excellent student housing potential in the WMU corridor.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49006
• Year Built: 1927
• School District: Kalamazoo
• Units: 2 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 10
• Lot Size: 18861 sq ft lot
• Construction Materials: Vinyl Siding
• Cooling: Central Air
• Cross Street: Kenbrooke & Fraternity Village
• Directions: Take Howard St north to W Michigan, turn left onto W Michigan. The property will be on the left just before Kenbrooke Ct
• Financial Available: Yes
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Area: 0.43
• Lot Size Square Feet: 18861
• Lot Size Units: Acres
• MLS Area Major: Greater Kalamazoo - K
• MLS Area Minor: Greater Kalamazoo - K
• Main Type: Multi Family
• Number Of Buildings: 2
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Sewer, Water
• Parcel Number: 06-19-447-001
• Possession: Close Of Escrow, Subject To Tenant Rights
• Road Frontage: 87
• SEV: 146400
• Sewer: Public Sewer
• Spec Assessment Ty: none known
• Tax Annual Amount: 10110.58
• Tax Legal Description: G19-4 SECTION 19 T2S R11W BEG IN THE S LI OF THE W 1/2 OF THE NE 1/4 OF THE SE 1/4 OF SECT 19, 82.5FT W OF THE SE COR THEREOF; TH N 89DEG 54MIN W 75.37FT ALG SD S LI; TH N 5DEG 04MIN W 225.07FT TO THE S LI OF WEST MICHIGAN AVENUE; TH N 68DEG 10MIN E 86.98FT ALG SD S LI; TH S 3DEG 15MIN E 257.2FT TO BEG. EXCLUDING BEG AT A PT ON THE S LI OF WEST MICHIGAN AVENUE, SD PT BEING 157.87FT W AND 225.07FT
• Tax Year: 2024
• Tenant Pays: Electricity, Gas, Trash Collection
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 3415
• Township: Kalamazoo City
• Util Availat Street: High Speed Internet, Electricity Available, Natural Gas Available, Public Sewer, Public Water
• Utilities: Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
• Water Access: No
• Water Source: Public
• Zoning Description: RM15