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809-807 W Cedar St, Kalamazoo, MI, 49007

8beds
7baths
4,400sqft
$499,900
$114price/sqft
$4,068/moest. monthly cost
$162,720/yrincome needed

About This Home

7-unit value-add opportunity in the heart of Kalamazoo with multiple paths to ownership and strong upside potential. This property includes two buildings (4-unit and 3-unit) on one parcel, offering flexibility for owner-occupants, investors, or those looking to grow their portfolio. The property presents a clear opportunity to increase income through lease-up and operational improvements. Several units have been updated while others provide a path for continued improvements and repositioning. Located near Western Michigan University, Kalamazoo College, downtown, and major amenities, the property benefits from consistent rental demand and long-term growth potential. Seller is offering flexible purchase options including land contract terms and is open to DSCR financing buyers. Ideal for owner-occupants looking to live in one unit while stabilizing the remaining units. To support lease-up, seller is offering a structured income support credit for any vacant units at the time of closing, providing added confidence during the transition period. Off-street parking, functional unit layouts, and a location that continues to see strong rental demand make this a compelling opportunity for buyers ready to execute. Property is city-certified. Rent roll and financials available upon request. Seller is a licensed real estate agent in the State of Michigan

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
79
BikeVery Bikeable

Construction

Condition

  • Year built: 1865

Materials

  • Roof: Composition
  • Construction materials: Stucco,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: 5+ Units

Interior

Appliances

  • Laundry features: Common Area,In Basement,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Full,Michigan Basement

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 7

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Window Unit(s),None

Interior Area

  • Total interior livable area: 4,400 sqft

Property

Details

  • Parcel number: 0621235434
  • Zoning description: Residential

Lot

  • Lot size: 8,712 sqft
  • Lot size dimensions: 66 x 132

Parking

  • Total spaces: 8
  • Parking features: Asphalt,Driveway