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417 Locust ST #1 & 2 Kalamazoo City, MI 49007
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 66026017298
Year Built 1905
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
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
Area Area39062Kalamazoo
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Community Features Sidewalks
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer, Sewer At Street, Storm Drain
Water Public
New Construction No
Schools
School District Kalamazoo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Jessica A Lee of KW Aspire