232 Woodward Avenue
Kalamazoo, MI 49007

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Description

Exceptional investment opportunity in the heart of Kalamazoo! This historic multi-unit property offers five rental units brimming with character and income potential. The main floor features two one-bedroom apartments, while the second level provides another one-bedroom unit along with a charming studio. The third story showcases a spacious two-bedroom apartment, full of light and personality. Inside, you'll find a blend of updates across the units, with some apartments featuring refreshed kitchens and bathrooms, and hardwood floors. Throughout the property, historic details remain intact, from the original trim to the ornately crafted staircase railing, capturing the architectural beauty of the era. The property includes ample off-street parking and retains its original carriage house, adding to its historic appeal. Just blocks from local college campuses and the vibrant downtown scene, this location is perfect for attracting long-term tenants who value both convenience and charm. Whether you're expanding your portfolio or just beginning, 232 Woodward is a rare chance to own a Kalamazoo classic with strong rental potential.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49007
• Year Built: 1885
• School District: Kalamazoo
• Units: 5 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 8
• Lot Size: 13852 sq ft lot
• Annual Utilities: 4188
• Construction Materials: Brick, Stucco
• Cooling: Window Unit(s)
• Cross Street: W Kalamazoo Ave and W Main St
• Directions: Head east on W Main St toward N Dartmouth St Turn left onto Woodward Ave Destination will be on the right
• Driveway: Asphalt
• Extras: Sep Electric Meter
• Financial Available: No
• Heat Source: Natural Gas
• Heat Type: Hot Water
• Heating: Hot Water
• Insurance Expense: 5760
• Laundry Features: Common Area, In Hall
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Area: 0.32
• Lot Size Square Feet: 13852
• Lot Size Units: Acres
• MLS Area Major: Greater Kalamazoo - K
• MLS Area Minor: Greater Kalamazoo - K
• Main Type: Multi Family
• Maintenance Expense: 5189
• Number Of Buildings: 2
• Number Of Diff Unit Floor Plans: 5
• Owner Pays: Gas, Sewer, Water
• Ownership: Private Owned
• Parcel Number: 06-16-418-016
• Parking Features: Asphalt
• Possession: Subject To Tenant Rights
• Road Frontage: 66
• Roof: Composition
• SEV: 201600
• Sewer: Public Sewer
• Street Type: Public
• Tax Annual Amount: 11907
• Tax Legal Description: 46246 TRASKS ADDITION, LIBER 2 OF PLATS PAGE 26; LOT 16. ALSO THE S 66FT OF THE N 330FT OF LOT 24.
• Tax Year: 2024
• Tenant Pays: Electricity, Trash Collection
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 3118
• Township: Kalamazoo City
• Util Availat Street: Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer
• Utilities: Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer
• Water Access: No
• Water Source: Public
• Zoning Description: RM-15