$120,000

Turnkey, tenant-occupied 3-bedroom, 1-bath investment property offering approximately 1,113 square feet of finished living space. Currently rented for $1,500 per month, with the tenant paying gas and electric and a lease in place through June 14, 2027, providing immediate rental income for the next owner. Recent improvements include an HVAC system approximately three years old, a water heater approximately two years old, a newer sump pump and foundation tuck-pointing. Conveniently located near Bronson Methodist Hospital, downtown Kalamazoo, Kalamazoo Valley Community College and approximately 3.5 miles from Western Michigan University. This well-maintained, City of Kalamazoo-certified rental offers established income, manageable operating costs and several major capital improvements already completed.