Home For Sale In Kalamazoo, Michigan

house for sale

Listed: 03/29/24

708 Mills St, Kalamazoo, Michigan, 49001

Studio Bed:

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Price

$ 598,000

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About This House

Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.

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Houses for sale in Kalamazoo

Original listing

Kalamazoo Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
May 2024	$206,456 (+8.3%)
Apr 2024	$190,568 (0%)
Mar 2024	$190,568 (0%)
Feb 2024	$190,568 (0%)
Jan 2024	$190,568 (-30.2%)
Dec 2023	$273,110 (+58.1%)

In May 2024, the asking price for 3 bed houses for sale in/near Kalamazoo, United States averaged $206,456, an increase of 8.3% from the previous month.

Median price trends for properties for sale in Kalamazoo, United States as of May 2024.

Household Income

Median household income: $37,438

Number of households: 28,996

The average household income in Kalamazoo, MI grew from $34,767 to $37,438 in the past year. This data is an estimate based upon 28,996 households in Kalamazoo, MI.
The chart below presents how household income is distributed in Kalamazoo, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Kalamazoo, MI compared to median property taxes around the country. The prevalent amount of property taxes in Kalamazoo, MI equals $3k+ , which is less than the national average.