Sold

$305,000

816 W Lovell St, Kalamazoo, MI 49007

4beds

4baths

--sqft

2 to 4 Units

Built in 1870

-- sqft lot

$295,900 Zestimate^®

$--/sqft

$1,111 Estimated rent

Home value

$295,900

$266,000 - $325,000

$1,111/mo

Zestimate^® history

Owner options

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$1,111/mo

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$1,111/mo

Rent Zestimate^®

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$1,988/mo

Est. payment

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$1,988/mo

Est. payment

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What's special

Cash flowing 4-unit investment property in a prime location walkable to WMU and K-College. 4-one bedroom apartments in great shape and fully leased at $3,100/mo with room to increase rents. Property features a paved driveway and parking area, shared laundry in basement, split utilities and great rental history.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Forced Air

Appliances

Laundry: Common Area, In Basement

Features

Basement: Partial

Property

Parking

Total spaces: 6
Parking features: Concrete, Driveway

Accessibility

Accessibility features: 36 Inch Entrance Doo

Lot

Size: 9,147 Square Feet
Dimensions: 68 x 132
Features: Sidewalk, Wooded

Details

Parcel number: 39000616495007

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1870

Utilities & green energy

Utilities for property: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Community & HOA

Location

Region: Kalamazoo

Financial & listing details

Tax assessed value: $77,949
Annual tax amount: $5,159
Date on market: 6/5/2024
Listing terms: VA Loan,FHA,Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
7/3/2024	Sold	$305,000-6.2%
Source: MichRIC #24028124 Report a problem
6/26/2024	Pending sale	$325,000
Source: MichRIC #24028124 Report a problem
6/5/2024	Listed for sale	$325,000+108.5%
Source: MichRIC #24028124 Report a problem
1/17/2020	Sold	$155,900
Source: Public Record Report a problem
10/22/2019	Pending sale	$155,900
Source: RE/MAX Advantage #19051161 Report a problem
10/18/2019	Listed for sale	$155,900
Source: RE/MAX Advantage #19051161 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,395 +4.8%	$122,100 +10.3%
2024	$5,146	$110,700 +14.4%
2023	--	$96,800 +16.8%
2022	--	$82,900 +10.1%
2021	--	$75,300 +11.6%
2020	--	$67,500 +38.9%
2018	--	$48,600 +5.7%
2017	$2,853	$46,000 +9.8%
2016	$2,853	$41,900 -0.5%
2015	$2,853	$42,100 +5.5%
2014	$2,853	$39,900 -8.5%
2013	--	$43,600 -6.6%
2012	--	$46,700 -14.6%
2011	--	$54,700 -14.5%
2010	--	$64,000 -3.3%
2009	--	$66,200 -13.2%
2008	--	$76,300 +31.3%
2004	--	$58,100 +10.1%
2003	--	$52,750 +2%
2002	--	$51,700 +9.1%
2001	--	$47,400