1332 Reed Ave, Kalamazoo, MI, 49001

5beds
3baths
2,500sqft
$169,000
$68price/sqft
$1,435/moest. monthly cost
$57,400/yrincome needed

About This Home

Investment Opportunity – Triplex with Detached 2-Car Garage Excellent opportunity to own an income-producing triplex with strong value-add potential. This property features three separate units, including one 2-bedroom/1-bath apartment, one 1-bedroom/1-bath apartment, and one studio apartment, making it an attractive option for investors or owner-occupants looking to offset their mortgage with rental income. The property includes a detached two-car garage that provides additional storage or rental potential. Several newer updates have already been completed, giving the next owner a solid foundation to continue improving the property. Previously generating approximately $2,400 per month in gross rental income, this property offers multiple income streams and flexibility. With vacant units, buyers have the opportunity to set current market rents, renovate further, or move into one unit while renting the others. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer interested in house hacking, this property offers excellent upside at an affordable price. For Sale By Owner. Land contract financing and negotiable offers will be considered.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

3/10
Milwood Elementary SchoolGrades PK-51.0 mi
6/10
Milwood Middle SchoolGrades 6-80.5 mi
8/10
Loy Norrix High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1901

Type & Style

  • Home type: MultiFamily

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Interior Area

  • Total interior livable area: 2,500 sqft

Property

Parking

  • Parking features: Garage