About 3116 N Whittier Drive
Turnkey 3-unit investment property in the desirable Milwood neighborhood of Kalamazoo. All three units have been fully renovated within the last 4 years with updated kitchens, bathrooms, and finishes throughout. Rents have been significantly increased from prior ownership, growing from a combined $2,010 per month to $2,589 per month gross, representing 29% rent growth with $31,068 in annual gross income. The value-add work still to be done would be splitting utilities and further increasing rents. Each unit is one bedroom and one bath. Owner pays water, gas/electric, trash, landscaping, and snow removal. Plenty of parking is available with one assigned space per unit. Current rents are Unit 1 at $849, Unit 2 at $900, and Unit 3 at $840. All units are occupied with leases in place. This is a stabilised, income-producing asset in a desirable area with modern interiors and strong rent history. Ideal for those looking for immediate cash flow. Gas/Electric = $407/mo Water/sewer $75/mo.
Features of 3116 N Whittier Drive
| MLS® # | 66026029550 |
|---|---|
| Price | $199,888 |
| Bathrooms | 0.00 |
| Acres | 0.14 |
| Year Built | 1912 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 3116 N Whittier Drive |
|---|---|
| Area | 39062 - Kalamazoo |
| City | Kalamazoo |
| County | Kalamazoo |
| State | Michigan |
| Zip Code | 49001 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Vinyl Siding, Wood Siding |
|---|
School Information
| District | Kalamazoo |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Realty |
|---|---|
| Contact Info | will.howson@cbrealty.com |