118 S Clarendon St
- – 7 of the 8 units have been newly renovated
- – New boilers and updated mechanicals
- – Renovated common areas and laundry rooms
- – Below market rents
Property Description
on't miss this opportunity to acquire an 8-unit apartment building a stone's throw from Western Michigan University, Kalamazoo Collage and walking distance to Academy and Henderson Park. This property boasts numerous updates, including newly renovated hallways and common areas, renovated units, new boiler and much more. There is coin-operated laundry in each building. Value add potential through a utility bill back program to recover some utility costs and increase rents to market rates. Whether you're a new investor building your rental portfolio or a seasoned investor, this property would make a good addition to your portfolio.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $770,000 |
| No. of Units: | 8 |
| Year Built: | 1982 |
| Lot Size: | 0.30 Acres |
| Opportunity Zone: | No |
| Price per unit: | $96,250 |
| Property Website | Click Here |
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