$92,000
$101,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
556 Phelps Avenue Kalamazoo, MI 49048
5,489 Sqft Lot
Key Details
Sold Price $92,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Kalamazoo City
MLS Listing ID 24043240
Sold Date 04/18/25
Year Built 1899
Annual Tax Amount $2,715
Tax Year 2024
Lot Size 5,489 Sqft
Acres 0.13
Lot Dimensions 46 ft. x 122 ft.
Property Sub-Type 2 to 4 Units
Property Description
Discover this eastside duplex, perfectly situated close to downtown Kalamazoo and all the amenities the city has to offer. The property features two units, each with its own unique charm. The downstairs unit is beautifully updated & boasts 2 bedrooms and 1 bathroom ($850/month). The upstairs unit is a cozy 1 bedroom, 1 bathroom that could use a little TLC to make it shine (previously rented at $625/month). Each units comes with the refrigerator and the stove/oven.
This property is an excellent opportunity for investors looking to expand their portfolio or for those just beginning their real estate investment journey. Recent updates include a 7 year old high efficiency boiler, a 15 year old roof, replacement windows and durable vinyl siding. Don't miss out on this promising property! This property is being sold in as-is condition, with the seller making no repairs. This property is being sold in as-is condition, with the seller making no repairs.
Location
State MI
County Kalamazoo
Area Greater Kalamazoo - K
Direction From the intersection of Riverview Drive & Gull Road, drive south on Riverview Drive for .3 miles, then turn left onto E Michigan Avenue. Drive east on E Michigan Avenue for .2 miles, then turn left onto E Main Street. Drive east on E Main Street for .3 miles, then take a right onto Phelps Avenue. In 150 feet, the house will be on your left.
Rooms
Basement Michigan Basement
Interior
Heating Baseboard, Hot Water
Cooling None
Fireplaces Number 1
Exterior
Parking Features Paved
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition
Total Parking Spaces 2
Building
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Kalamazoo
Others
Tax ID 390614261009
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Carmac Realty