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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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809807 809-807 W Cedar St , Kalamazoo, MI 49007
$499,900
Est. Payment: $2,574.23/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 85
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

7-unit value-add opportunity in the heart of Kalamazoo with multiple paths to ownership and strong upside potential. This property includes two buildings (4-unit and 3-unit) on one parcel, offering flexibility for owner-occupants, investors, or those looking to grow their portfolio. The property presents a clear opportunity to increase income through lease-up and operational improvements. Several units have been updated while others provide a path for continued improvements and repositioning. Located near Western Michigan University, Kalamazoo College, downtown, and major amenities, the property benefits from consistent rental demand and long-term growth potential. Seller is offering flexible purchase options including land contract terms and is open to DSCR financing buyers. Ideal for owner-occupants looking to live in one unit while stabilizing the remaining units. To support lease-up, seller is offering a structured income support credit for any vacant units at the time of closing, providing added confidence during the transition period. Off-street parking, functional unit layouts, and a location that continues to see strong rental demand make this a compelling opportunity for buyers ready to execute. Property is city-certified. Rent roll and financials available upon request. Seller is a licensed real estate agent in the State of Michigan

Highlights

Listed by Jeffrey Glover , 616-594-1000 and Ryan M Prichard , 616-295-3632 Keller Williams Professionals , 734-459-4700. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.2

HOA Fee

Year Built

1865

County

Kalamazoo

School District

Kalamazoo

Listing ID

26020369

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Basement:Full,Michigan Basement

Exterior Features

Garage Capacity:8
Roof:Composition
Sewer:Public Sewer
Parking Features:Asphalt,Driveway
Principal Interest
$2,574
Taxes
$476
HOA
$0

Home Price

$499,900

Loan Details

30 yrs
6.676%

Down Payment

20%
$99,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,574.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,574.23 $475.75 $0.00 $3,049.98
Yearly $30,890.79 $5,709.00 $0.00 $36,599.79
Total $926,723.62 $171,270.00 $0.00 $1,097,993.62
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Kalamazoo, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T03:56:44.000Z

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