722 Buchanan Avenue
Kalamazoo, MI 49008

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Description

NEW ON THE MARKET - This stand-alone investment property features a total of 8 rental units — 7 with 2-bedrooms, 1-bath apartments and 1 unit with 1 bedroom and 1 bath. All units have long-term tenants and a solid rental history. In addition there is a shared laundry area for the tenants convenience. The building offers ample off-street parking and is conveniently located by shopping malls, restaurants and I-94.This is an excellent opportunity to add a low-maintenance, income-producing property to your portfolio. Bonus Opportunity: There are 3 additional neighboring income property buildings across the street for sale at 729, 715 & 721 Buchanan Ave. All are also available to purchase. MLS #25008733 & #25008808

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49008
• Year Built: 1972
• School District: Kalamazoo
• Units: 8 units
• Basement: Partial, Yes, Yes
• # of Parking Spaces: 12
• Lot Size: 20473 sq ft lot
• Construction Materials: Brick, Wood Siding
• Cooling: Wall Unit(s)
• Cross Street: Duke St & Denway Circle
• Directions: S. Westnedge to Denway Dr, W. to Duke St. N to Buchanan Ave
• Driveway: Asphalt
• Extras: Laundry Facility, Tenant Storage
• Heat Source: Natural Gas
• Heat Type: Baseboard, Hot Water
• Heating: Baseboard, Hot Water
• Lot Description: Cul-De-Sac, Level
• Lot Features: Cul-De-Sac, Level
• Lot Size Area: 0.47
• Lot Size Square Feet: 20473
• Lot Size Units: Acres
• MLS Area Major: Greater Kalamazoo - K
• MLS Area Minor: Greater Kalamazoo - K
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Gas, Sewer, Trash Collection, Water
• Parcel Number: 06-33-296-011
• Parking Features: Asphalt
• Possession: Subject To Tenant Rights
• Road Frontage: 206
• Road Surface Type: Paved
• Roof: Composition
• SEV: 173300
• Sewer: Public Sewer
• Spec Assessment Ty: None Known
• Street Type: Paved, Public
• Tax Annual Amount: 7328
• Tax Legal Description: G24-10 EDON PLAT LOTS 10, 11 & 12, EXC W 16FT LOT 12.
• Tax Year: 2025
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional, Tax Def Exchange
• Total Approx Sq Ft All Bldgs: 2676
• Township: Kalamazoo City
• Util Availat Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
• Water Access: No
• Water Source: Public Water