Welcome to an exceptional investment opportunity! This maintained 4-unit property offers a brand-new roof and two recently installed furnaces, ensuring long-term durability and efficiency. Each unit features 1 bedroom and 1 full bath, creating comfortable living spaces for tenants.
Set against a backdrop of recent updates, This property is also financially savvy, offering included utilities with the rent.
Ideal for investors seeking an addition to their portfolio, this 4-unit gem promises both immediate returns and future value. Don't miss out on this rare opportunity! Call today to schedule a showing.
Sold
$109,900
527 Phelps Ave, Kalamazoo, MI 49048
4beds
4baths
2,000sqft
2 to 4 Units
Built in 1890
-- sqft lot
$125,400 Zestimate®
$55/sqft
$1,153 Estimated rent
Home value
$125,400
$114,000 - $137,000
$1,153/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 19, 2024 at 10:09am
Listed by:
Yordanos Torrez 616-272-6996,
Polaris Real Estate LLC
Bought with:
Corin Dickerson, 6501409449
City2Shore Gateway Group
Source: MichRIC,MLS#: 23138913
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Full
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 6,969 sqft
- Dimensions: 51 x 132
Details
- Parcel number: 0614265006
- Zoning description: Unknown
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & neighborhood
Location
- Region: Kalamazoo
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2024 | Sold | $109,900$55/sqft |
Source:  MichRIC #23138913 | ||
| 12/6/2023 | Pending sale | $109,900$55/sqft |
Source: MichRIC #23138913 | ||
| 11/24/2023 | Price change | $109,900-8.3%$55/sqft |
Source: MichRIC #23138913 | ||
| 10/19/2023 | Listed for sale | $119,900+33.2%$60/sqft |
Source: MichRIC #23138913 | ||
| 9/29/2023 | Listing removed | $90,000$45/sqft |
Source:  Realcomp II #66021008990 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,667 +10% | $52,700 +24% |
| 2024 | $2,423 | $42,500 +9.5% |
| 2023 | -- | $38,800 +16.5% |
Find assessor info on the county website
Neighborhood: Eastside
Nearby schools
GreatSchools rating
- 5/10Northeastern Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 5/10Linden Grove Middle SchoolGrades: 6-8Distance: 4.2 mi
- 7/10Kalamazoo Central High SchoolGrades: 9-12Distance: 4.7 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$125,400
2% more+ $2,508
With Zillow Showcase(estimated)
$127,908