1208 Princeton Avenue, Kalamazoo, MI 49007
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1208 Princeton Avenue,Kalamazoo, MI 49007
$140,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:julie a reisner
Office:nexthome one of kalamazoo
MLS#:25033247
Source:MI_GRAR
Price summary
- Price:$140,000
About this home
This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. This well-maintained, city-certified duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. Featuring a brand-new front porch, this property provides great curb appeal and immediate peace of mind. With two spacious 2-bedroom, 1-bathroom units, this property has consistently generated steady rental income. The lower-level unit ($950/month) is perfect for an owner-occupant or a new tenant at market rent. The upper unit has been rented consistently at $800/month, bringing the total gross income to $21,000 annually.
The owner covers gas, electric, and water ($350/month), leaving a strong net operating income of $16,800. Priced at $140,000, this property boasts an impressive 12% cap rate, making it a rare find in today's market.
A new two-year city certification is already in place. If desired, tenants are ready to move into the lower unit for a seamless transition.
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Home facts
- Year built:1905
- Listing Id #:25033247
- Added:38 day(s) ago
- Updated:August 16, 2025 at 03:13 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1905
- Lot area:0.09 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$140,000
- Tax amount:$2,718 (2024)
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