$2,150,000
Kalamazoo, MI 49048
MLS# 25039146
Status: Sold
1 / 49
Property Description
Exceptional 40-unit apartment complex spanning 5 well-maintained buildings on 7.65 acres, offering both strong current income and future growth potential. All units are spacious 2-bed/1-bath with many updates, new windows, and steady occupancy. Annual gross rents approach $400,000, and the recent appraisal of $2,480,000 underscores the value at this price. Amenities include coin-operated laundry, tenant storage in the basement, and an on-site office. Ample land provides an opportunity for expansion or additional units, making this a prime value-add investment with immediate income and long-term upside.
Details
Maps
Location Property Info
County: Kalamazoo
Street #: 1826/1818
Street Name: Sunnyside
Suffix: Drive
State: MI
Zip Code: 49048
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Sold
Current Price: $2,150,000
List Price: $2,100,000
Listing Date: 2025-08-05
General Property Info
Lot Measurement: Acres
Lot Square Footage: 333234
Lot Acres: 7.65
Lot Dimensions: Irregular
Year Built: 1969
New Construction: No
Financial Available: Yes
Cert of Compliance: No
Road Frontage: 307
Total # Units: 40
# of Diff Unit Floor Plans: 1
Total # Bldgs: 5
Total Approx. SqFt All Bldgs: 29040
Total Parking Spaces: 80
Waterfront: No
School District: Comstock
Tax Info
Tax ID #: 06-12-330-020/06-12-330-050
Taxable Value: 453442
SEV: 719200
For Tax Year: 2025
Seller's Annual Property Tax: 31663.44
Tax Year: 2024
Spec Assessment & Ty: unk
Zoning: RM-1
Remarks Misc
Directions: On Sunnyside Dr, South of Asbury Ave and North of Gertrude St, on East side of street, 5 buildings total
Status Change Info
Under Contract Date: 2025-08-05
Sold Date: 2025-09-18
Sold Price: $2,150,000
Sold Price/SqFt: 74.04
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 29153
Annual Mgmt. Fees: 12224
Annual Utilities: 32036
Gross Op. Inc.: 375000
Unit 1
Unit Description: 1
SqFt: 850
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2
SqFt: 850
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
SqFt: 850
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 4
SqFt: 850
Occupied: Yes
Monthly Rent: 775
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 5
SqFt: 850
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: 6
SqFt: 850
Occupied: Yes
Monthly Rent: 825
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit Description: 7
SqFt: 850
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Monthly Rent: 800
Unit 8
Unit Description: 8
SqFt: 850
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 9
Unit Description: 9
SqFt: 850
Occupied: Yes
Monthly Rent: 850
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 10
Unit Description: 10
SqFt: 850
Occupied: Yes
Monthly Rent: 825
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 11
Unit Description: 11
SqFt: 850
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 12
Unit Description: 12
SqFt: 850
Occupied: Yes
Monthly Rent: 825
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; In Basement; Laundry Room
Exterior Material: Brick
Roofing: Composition
Substructure: Crawl Space; Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Carports; Sep Electric Meter; Tenant Storage
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Hot Water
Air Conditioning: Window Unit(s)
Driveway: Asphalt
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: A/C Unit; Carport; Deck/Patio; Dishwasher; Range Oven; Refrigerator
Unit 2: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Deck/Patio; Dishwasher; Refrigerator
Unit 4: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 5: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 6: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 7: Deck/Patio; Dishwasher; Refrigerator; Range/Oven
Unit 8: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 9: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 10: Deck/Patio; A/C Unit; Dishwasher; Range/Oven; Refriderator
Unit 11: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refriderator
Unit 12: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refriderator
Listing Office: Keller Williams GR East
Listing Agent: Lucas Howard
Last Updated: September - 22 - 2025
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