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708 Mills Street Kalamazoo, MI $ 585,000
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$ 585,000 Get more info
708 Mills Street
$ 585,000
Back to search
Share Save

708 Mills Street

Kalamazoo, MI, 49001
$ 585,000
Baths0.0

Monthly Estimate*

$ 3,888

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Studio

Multi-Family Home for sale in Kalamazoo, MI

for $585,000. This home was built in 1903 on a lot size of 0.23.

Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.

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Multi-Family Active

Price

$ 585,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,285

Style

5+ Units

Lot Size

0.23

Year Built

1903

Town/City

Kalamazoo

County/Region

Kalamazoo

MLS | Web ID

24014226
Features
General
Sewer Public Sewer
Heating Wall Furnace Natural Gas
Cooling Window Unit(s)
Utilities None Available Natural Gas Connected Electric Connected
Possession Close Of Escrow
Construction Materials Brick
Year Built 1903
Tenant Pays Electric Gas
Township Kalamazoo City
Property SubType 5+ Units
Tax Year 2023
County Kalamazoo
New Construction N
Property Type Multi-Family
Attached Garage N
Status Active
Directions Kings Highway North to 4th Street to Mills St. Property Near Corner of Mills and 4th St.
City Kalamazoo
High School District Kalamazoo
Zoning Description M-1
NumberOfUnitsTotal 7
MLS Area Greater Kalamazoo - K
Lot Size Units Acres
Lot Size Square Feet 10019.0
Waterfront Y/N N
Street Name Mills
Land Lease Y/N N
Tax Annual Amount 3285.02
Lease Renewal Y/N N
MLS Area Minor Greater Kalamazoo - K
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 84
Standard Status Active
Tax Assessed Value 47395
Legal Description 8618 BEG ON W LI OF MILLS STREET 72.5FT S OF THE S LI OF FOURTH STREET; TH W PARALLEL WITH SD S LI TO THE ELY R-O-W LI OF PENN RR; TH SELY ON SD R-O-W LI TO SD W LI; TH N OF SD W LI TO BEG.
Senior Community None
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Interior
Basement Other
Total Fireplaces 1
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Paved Unpaved
Lot Features Level Sidewalk
Total Parking 12.0
Lot Size Area 0.23
Number of Buildings 1
Spa N
Lot Dimensions 150 X 135 X175
Street Suffix Street
Lot Size Acres 0.23
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 708
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* Excluded Features
List By
Moxie Real Estate + Development

Broker

shawnj@workwithmoxie.com

Email

Affordability Calculator

$4,162
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,888
Monthly Property Taxes
$274
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
251492 Elementary School
248593 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/10/2024$585,000 -0.51% Price Down
5/14/2024$588,000 -0.84% Price Down
4/30/2024$593,000 -0.84% Price Down
3/25/2024$598,000 Listed Price

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708 Mills Street, Kalamazoo, MI, 49001 is a Multi-Family Home for sale at $585,000 with a lot size of 0.23. 708 Mills Street is a studio with 0.0 baths and was built in 1903. The property's zip code is 49001 which is in Kalamazoo, MI

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