2 months on rocket

708 Mills St, Kalamazoo, MI, 49001

$588,000

Home List Price

$6,983*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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708 Mills St, Kalamazoo$588,000

Buyer Closing Credits

$6,983*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1903
HeatingNatural Gas, Floor Furnace
CoolingWindow Unit(s)
BasementYes
MLS #65024014226
Lot Size0.23 Acres
StatusActive

About 708 Mills St

Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.

Property Details

Property Features

Property Information:

  • Year Built: 1903

Listing Office:

  • Office Name: MOXIE Real Estate + Development
  • Office Phone: (616) 890-7794
  • Listing Agent: Shawn Jacobs

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Floor Furnace
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Loy Norrix High School, Public District Grades 9-12
  • Maple Street Magnet School For The Arts, Public Magnet Grades 6-8
  • El Sol Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Kings Highway North to 4th Street to Mills St. Property Near Corner of Mills and 4th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $588,000

Tax Information:

  • Annual Amount: $2,964
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Kalamazoo, MI.

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Kalamazoo, MI

City

Med. Sold Price

$222K

Med. Price/SqFt

$170

Avg. Days On Market

28

# of Sold Homes

121

708 Mills St vs Kalamazoo

67 DAYS ON ROCKET

+39 Days

$588,000

+$365.9K More

KEY TAKEAWAY

This property is $365.9K more than the Median Sold Price in Kalamazoo, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024014226

Listing Office:

  • Office Name: MOXIE Real Estate + Development
  • Office Phone: (616) 890-7794
  • Listing Agent: Shawn Jacobs

IDXDisclaimer: 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 © 2024 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: 6/1/2024, 9:20:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 18, 2016Home Sold
$88,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,964$49,900
2020$2,855$47,600
2019$2,855$45,500
2018 - $41,300
2017 - $40,500

History based on county public records data.

Payment Calculator

$3,002

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,829

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6302310
5
/10

  • El Sol Elementary School

  • 604 W Vine St

  • 1.23 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-6302311
4
/10

  • Maple Street Magnet School For The Arts

  • 922 W Maple St

  • 1.74 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-6302312
5
/10

  • Loy Norrix High School

  • 606 E Kilgore Rd

  • 2.84 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,800. The most common annual income of people living in Kalamazoo, MI is less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kalamazoo County›Kalamazoo›49001›708 Mills St

This home is located at 708 Mills St in Kalamazoo, MI and zip code 49001 in the Edison neighborhood. This home, which was built in 1903, sits on a 0.23 acre lot. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $588,000.

While more than 51 listings in Kalamazoo, MI in April 2024 were sold above asking price, there were more than 26 listings sold at asking price, and more than 44 were sold below. Between March 2024 and April 2024, Kalamazoo, MI real estate market has seen decrease in the number of listings by 4.3%. While the average time on the market in April 2024 was 28 days, the median list price was $222,093.

From Rocket Homes Real Estate and based on county public records data.

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