About 708 Mills Street
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.
Features of 708 Mills Street
| MLS® # | 24014226 |
|---|---|
| Price | $588,000 |
| Bathrooms | 0.00 |
| Acres | 0.23 |
| Year Built | 1903 |
| Type | Multi-Family |
| Sub-Type | 5+ Units |
| Status | Active |
Community Information
| Address | 708 Mills Street |
|---|---|
| Area | Greater Kalamazoo - K |
| City | Kalamazoo |
| County | Kalamazoo |
| State | MI |
| Zip Code | 49001 |
Amenities
| Parking | Paved, Unpaved |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace, Natural Gas |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Fireplaces | 1 |
Exterior
| Lot Description | Level, Sidewalk |
|---|
School Information
| District | Kalamazoo |
|---|
Additional Information
| Legal | 8618 BEG ON W LI OF MILLS STREET 72.5FT S OF THE S LI OF FOURTH STREET; TH W PARALLEL WITH SD S LI TO THE ELY R-O-W LI OF PENN RR; TH SELY ON SD R-O-W LI TO SD W LI; TH N OF SD W LI TO BEG. |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
Financial Details
| Annual Property Tax | $3,285 |
|---|---|
| Tax ID # | 06-23-118-003 |
| Taxable Value | 47395.00 |
Listing Details
| Agent | Shawn Jacobs |
|---|---|
| Office | MOXIE Real Estate + Development |