About 755 Portage Street
Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit. Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.
Features of 755 Portage Street
| MLS® # | 65026023682 |
|---|---|
| Price | $309,000 |
| Bathrooms | 3.00 |
| Acres | 0.10 |
| Year Built | 1954 |
| Type | Commercial |
| Status | Pending |
Community Information
| Address | 755 Portage Street |
|---|---|
| Area | 39062 - Kalamazoo |
| City | Kalamazoo city |
| County | Kalamazoo |
| State | Michigan |
| Zip Code | 49001 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Block, Frame, Vinyl Siding, Wood Siding |
|---|---|
| Foundation | Basement, Partial Basement |
School Information
| District | Kalamazoo |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams GR East |
|---|---|
| Contact Info | darryl@thematthewsgroupmi.com |