$1,839 Closing Credit¹
#66024061509, Key K Bennett, Madison H Lukeman, Listing Office: Lukeman Group LLC
$125,000 List price
1208 Princeton Ave Kalamazoo, MI 49007
$1,484
Closing credit¹
0.09 acres
Multi-Family
Property details
About 1208 Princeton Ave
This well-maintained duplex offers an excellent opportunity for investors looking to acquire a high-yield, cash-flowing property in the heart of Kalamazoo. With two spacious 2-bedroom, 1-bathroom units, this property has consistently generated steady rental income, making it an attractive option for both seasoned investors and those looking to grow their portfolio.The lower-level unit, which has been rented for $950 per month, will be vacant in March, presenting the perfect opportunity for an owner-occupant or a new tenant at market rent. The upper-level unit is currently occupied at $800 per month. This brings the total gross rental income to $1,750 per month, or $21,000 annually.The owner currently covers gas, electric, and water expenses, which average $350 per month orapproximately $4,200 per year. Even with these expenses, the property delivers a strong net operating income of $16,800 annually. Priced at $125,000, this property boasts an impressive 13.44% cap rate, making it a rare find in today's market. Additionally, the home will be freshly city certified in March, with a new two-year certification in place, ensuring compliance and ease of ownership for the next investor. If desired, there are tenants available and ready to move into the lower-level unit, making for a seamless transition in occupancy. With strong rental demand in the area and the potential for increased rents, this is an excellent opportunity to secure a profitable multifamily property at an affordable price. Don't miss your chance to own this income-generating duplexschedule your showing today!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.09 Acres
Year built1905
MLS #66025005994
Summary
- MLS Number: 66025005994
- MLS Name: Greater Kalamazoo Association of REALTORS
- Office Name: Zac Folsom Group
- Office Phone: (269) 241-3493
- Listing Agent: Zac L Folsom
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$125,000
1208 Princeton Ave
$1,484
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 07, 2023 | Home Sold | $40,000 |
| Oct 16, 2013 | Home Sold | $30,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $36,700 | $2,241 |
| 2023 | $33,500 | $2,241 |
| 2022 | $28,700 | $1,946 |
| 2021 | $25,400 | $2,226 |
| 2020 | $22,700 | $2,241 |
| 2019 | $18,100 | $2,241 |
| 2018 | $17,200 | $- |
| 2017 | $17,400 | $- |
History based on county public records data.
Nearby schools
4
Lincoln International Studies School
Public Magnet PK-5
0.3 mi
•912 N Burdick St
4
Northglade Montessori Magnet School
Public Magnet KG-5
0.6 mi
•1914 Cobb Ave
4
Woodward School for Technology and Research
Public Magnet PK-5
0.6 mi
•606 Stuart Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,192. The majority of Kalamazoo, MI residents have income less than $<35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
67%
<35k
24%
35k-100k
3%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
38%
Single, with Kids
7%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
16%
12-17 yrs old
20%
18-34 yrs old
32%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Soccer
UFC
Where do the neighbors shop?
Burlington
Forever 21
Family Dollar
Where do the neighbors go to eat?
Cicis Pizza
Dominos Pizza
Burger King
What do the neighbors drive?
Pontiac
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
$2,126 Closing Credit¹
#65025003420, Xavier Santiago, Listing Office: Bellabay Realty LLC
$3,414 Closing Credit¹
#66024059561, Joseph Lukeman, Listing Office: Lukeman Group LLC
$3,907 Closing Credit¹
#50162652, Jonathan Minerick, Listing Office: HomeCoin.com
$10,000 Closing Credit¹
#66024013355, Pat OBrien, Listing Office: OBrien Real Estate
$3,086 Closing Credit¹
#65025005147, Houston Moyer, Listing Office: Place Real Estate
$10,000 Closing Credit¹
#66025005356, Pat OBrien, Listing Office: OBrien Real Estate
$2,801 Closing Credit¹
#66024052172, Jim Douglass, Listing Office: RE/MAX Advantage
$8,906 Closing Credit¹
#66024056330, Pat OBrien, Listing Office: OBrien Real Estate
$7,719 Closing Credit¹
#66024056332, Pat OBrien, Listing Office: OBrien Real Estate
This home is located at 1208 Princeton Ave in Kalamazoo, MI and zip code 49007 in the Northside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 19, 2025 and is currently priced at $125,000.
In January 2025 more than 15 listings in Kalamazoo, MI were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 49 were sold below. The number of listings in Kalamazoo, MI decreased by 8.4% between December and January 2025. While the average time on the market in January 2025 was 36 days, the median list price was $233,759.
From Rocket Homes Real Estate and based on county public records data.