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509 Oak Street, Kalamazoo, MI 49007
$277,000
509 Oak Street, Kalamazoo, MI 49007View this property at 509 Oak Street, Kalamazoo, MI 49007
509 Oak StreetKalamazooMI49007
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Property Description
4 Unit investment property located in the northern side of the Vine Neighborhood, and features four unique 1 bedroom, 1 bathroom units - highly desirable to tenant occupants due to location and all utilities included. Property has a new roof in 2019, furnace 2014, water heater in 2022, upgraded electrical in 2014 & 2023, and exterior paint in 2016 with City required touch-ups in 2023. Unit interiors have been updated as turnovers occur allowing rent increases. Easily accessible basement with coin laundry. There are two, off-street stack parking spaces on the north side of the building with 1 off-street parking space on the south side. Property City Certified through 12/31/2026. There is a 4% assumable loan available as a financing option. This Four-Plex is one property of a 2 property portfolio offering totaling 9 units. The second property is 529 Wheaton Avenue (mls#23133051). The seller is looking to sell these together but would be open to discussing the purchase of either property individually.
Full Property Details
Full Property Details for 509 Oak St
General
- Sold For: $277,000
- Taxes: $3,336
- Status: Closed
- Type: Multi-Family
- MLS ID: 23135383
- Added to Site: 237 day(s) ago
Parking
- Total Spaces: 3
Location
- Area: Greater Kalamazoo - K
- County: Kalamazoo
- Cross Streets: Oak & Cedar
- Driving Directions: From W Cedar, go south on Oak, property on left
- Direction Faces: From W Cedar, go south on Oak, property on left
School Information
- School District: Kalamazoo
- High School District: Kalamazoo
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Utilities
- Sewer: Public Sewer
- Utility Description: Public Water Available, Public Sewer Available, Natural Gas Connected, Electric Connected
Structural Information
- # Buildings: 1
- Construction: Wood Siding
- Basement: Yes
- Basement Desc.: Michigan Basement
- Roof: Composition
- Year Built: 1895
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,744
Financial Considerations
- Tax Amount: $3,336
- Terms: Cash, Assumable, Conventional
- Landlord Pays: Trash Collection, Electricity, Water, Sewer, Gas
- Tenant Pays: None
Disclosures and Reports
- Legal Description: 50188 WELCHS ADDITION S 2 1/2 R OF LOT 375
- Property ID: 3900621237008
Listed by Lukeman Group LLC, Madison H Lukeman
Sold by Blue Beacon Realty LLC, Ryan M Prichard
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Schools
Schools serving 509 Oak St
School District:Kalamazoo Public School District
Rating | Name | Grades | Distance |
---|---|---|---|
2316 Winchell Ave, Kalamazoo, MI 49008 | K-5 | 1.9 mi | |
922 W Maple St, Kalamazoo, MI 49008 | 6-8 | 1 mi | |
606 E Kilgore Rd, Kalamazoo, MI 49001 | 9-12 | 3.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 Oak St
Date
Details
Price
Change
Source
11/17/2023
Sold
$277,000
-5.46%
MLS
9/22/2023
Listed
$293,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
509 Oak Street, Kalamazoo, MI 49007 (MLS# 23135383) is a Multi-Family property that was sold at $277,000 on November 17, 2023. Want to learn more about 509 Oak Street? Do you have questions about finding other Multi-Family real estate for sale in Kalamazoo? You can browse all Kalamazoo real estate or contact a Coldwell Banker agent to request more information.