417 Locust Street #1 & 2, Kalamazoo, MI 49007
417 Locust Street #1 & 2, Kalamazoo, MI 49007
417 Locust Street #1 & 2, Kalamazoo, MI 49007
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$199,900
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4,356 Sqft Lot
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417 Locust Street #1 & 2 Kalamazoo, MI 49007

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Lilian Felix

Lilian Felix

+1(616) 337-7418

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Kalamazoo City

MLS Listing ID 26017298

Year Built 1905

Annual Tax Amount $3,422

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 33X132

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Turnkey duplex offering strong investment potential with updated rental income and recent capital improvements. Both units are currently leased, with updated rental rates generating a combined $2,445 in monthly rental income, or $29,340 annually at full occupancy. Unit 1's monthly rent increases to $950 effective October 31, 2026, while the spacious 4-bedroom, 2-bath Unit 2 is leased at $1,495 per month. Recent capital improvements include a new roof with sub-roof replacement, updated front entry door, and rebuilt rear patio deck. With both units occupied at updated rental rates, this property offers investors immediate income, reduced near-term capital improvement needs, and potential for long-term appreciation. An excellent opportunity to acquire an income-producing duplex with established tenants and room for future growth.

Location

State MI

County Kalamazoo

Rooms

Basement Full

Interior

Heating Forced Air

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Storm Sewer

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 4

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Brick,Wood Siding

New Construction No

Schools

School District Kalamazoo

Others

Tax ID 06-21-226-003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by KW Aspire

NEARBY SCHOOL & BUSINESS

Lilian Felix
Lilian Felix

Agent License ID: 6501433130

+1(616) 337-7418 | lilian@lilianfelix.com

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417 Locust Street #1 & 2