Numbers

🤷🏽 $67,000 Asking
🚧 $25,000 Rehab
🤑 $138,000 ARV

This 3-bedroom, 1-bath as-is property is a true gem for investors looking to add value with minimal effort. With a solid long-term tenant paying $700/month for the past 7 years, you can enjoy immediate cash flow while planning your updates. 🛠️ The roof, furnace, and water heater are in great condition, saving you from any big-ticket repairs. 💪

The home boasts 1,110 sqft of living space, with an unfinished basement offering potential for a man cave, extra bedroom, or additional living area once rehabbed. The cosmetic updates needed will give this property the facelift it deserves, transforming it into a valuable asset. 🌟 The great floor plan makes it easy to see the potential, especially with the prime location behind St. Augustine’s Church, providing convenience to everything Kalamazoo has to offer. 🏙️

No street parking. Rear alley access and private parking, this home is perfect for renters or future homeowners. 🚗 Don't miss out on this affordable opportunity to turn a lipstick fixer into a money-making property with a high ARV. 💵 A great tenant in place means low hassle while you get to work! 🌈

Sold Comps

$138,000 (REMODELED)
https://www.zillow.com/homedetails/138-Wall-St-Kalamazoo-MI-49001/74146392_zpid/? 

$115,000 (CLEAN BUT NOT REHABBED)
https://www.zillow.com/homedetails/936-Bellevue-Pl-Kalamazoo-MI-49007/84495079_zpid/ 

$100,000 (MINOR UPDATES NOT REHABBED)
https://www.zillow.com/homedetails/612-Summer-St-Kalamazoo-MI-49006/84494091_zpid/ 

Active Comps

$111,000 (CLEAN NOT REHABBED)
https://www.zillow.com/homedetails/411-Locust-St-Kalamazoo-MI-49007/84495107_zpid/ 

$100,000
https://www.zillow.com/homedetails/1117-Cadillac-St-Kalamazoo-MI-49007/74142374_zpid/ 

$98,000 (PENDING)
https://www.zillow.com/homedetails/608-Summer-St-Kalamazoo-MI-49006/84494090_zpid/