$10,000
closing credit¹
1710 E G Ave Parchment, MI 49004
Property details
About 1710 E G Ave
This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping.This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.
Highlights
Summary
- MLS Number: 65024056680
- MLS Name: Greater Regional Alliance of REALTORS
- Office Name: Keller Williams GR East
- Office Phone: (616) 575-1800
- Listing Agent: Connor Anderson
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Last updated on: 2/7/2025, 5:17:11 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,875,000
1710 E G Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 22, 2022 | Home Sold | $1,100,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $259,200 | $11,098 |
History based on county public records data.
Nearby schools
5
Parchment North Elementary School
Public District 4-5
1.5 mi
•5535 Keyes Dr
6
Parchment Central Elementary School
Public District PK-3
2.3 mi
•516 N Orient St
7
Parchment Northwood Elementary School
Public District PK-3
2.4 mi
•600 Edison St
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 $65,667. The majority of Parchment, MI residents have income between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Pro Wrestling
Where do the neighbors shop?
Academy Sports & Outdoors
Bass Pro Shops
Wal-Mart
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
New Country
Classic Country- Country
This home is located at 1710 E G Ave in Parchment, MI and zip code 49004. Features: 0 bathroom. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $1,875,000.
While more than 15 listings in Parchment, MI in January 2025 were sold above asking price, there were more than 13 listings sold at asking price, and more than 49 were sold below. In January 2025 in Parchment, MI there were 8.4% less homes for sale than in December. In January 2025 median list price was $233,759 and the average listing age was 36 days.