521 Pearl Street
Kalamazoo, MI 49007

More
Photos »

Tools & Resources:

Description

This well-maintained 8-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $6,350. Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Kalamazoo County
• Zip Code: 49007
• Year Built: 1924
• School District: Kalamazoo
• Units: 8 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 12
• Lot Size: 10890 sq ft lot
• Construction Materials: Brick, Wood Siding
• Cross Street: W Walnut St and W Cedar St
• Driveway: Unpaved
• Extras: Laundry Facility
• Financial Available: Yes
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Laundry Features: In Basement, Laundry Room
• Lot Size Area: 0.25
• Lot Size Square Feet: 10890
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 8
• Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Parcel Number: 39-06-21-238-339
• Parking Features: Unpaved
• Road Frontage: 66
• Roof: Composition
• SEV: 140200
• Sewer: Public Sewer
• Spec Assessment Ty: None Known
• Street Type: Public
• Tax Annual Amount: 9399.72
• Tax Legal Description: 50072 WELCHS ADDITION LOT 339
• Tax Year: 2025
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 3526
• Township: Kalamazoo City
• Util Availat Street: Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer, Phone Available
• Utilities: Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
• Water Source: Public Water
• Zoning Description: R