$550,000
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4238/4308 Moreland Street Kalamazoo, MI 49001
0.36 Acres Lot
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Kalamazoo City
MLS Listing ID 25039141
Sold Date 09/17/25
Year Built 1960
Annual Tax Amount $11,935
Tax Year 2024
Lot Size 0.364 Acres
Acres 0.36
Lot Dimensions 60x264
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Excellent investment opportunity! This well-maintained two-building, eight-unit apartment complex offers strong income with $88,800 in gross annual rents and full occupancy. Features include six 2-bedroom units and two 1-bedroom units, a laundry room with coin-operated washer and dryer, and covered carports. Recent updates include newer windows and roofs, reflecting the pride of ownership throughout. Solid brick construction and rental certified through 2027 provide peace of mind for investors. Convenient layout and well-kept condition make this a turnkey addition to any portfolio.
Location
State MI
County Kalamazoo
Area Greater Kalamazoo - K
Direction From I-94, exit Portage Rd, go North and turn East on Nottingham Ave, North on Moreland St, property on the left.
Rooms
Basement Slab
Interior
Heating Hot Water
Cooling Window Unit(s)
Fireplaces Number 2
Laundry Common Area, Lower Level
Exterior
Parking Features Asphalt, Driveway
Utilities Available Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 8
Building
Sewer Public Sewer
Structure Type Aluminum Siding,Brick
New Construction No
Schools
School District Kalamazoo
Others
Tax ID 06-35-451-382/06-35-451-363
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Bellabay Realty LLC
