127 Elm Street

Located in Kalamazoo's established Stuart Neighborhood, this well maintained triplex offers a proven rental setting near WMU, Kalamazoo College, downtown, bus routes, restaurants and neighborhood shops. The property includes a remodeled main floor unit used as a two or three bed, a two bedroom upper unit, and the other studio efficiency upstairs. Extensive renovations to the main floor unit create the potential for premium rent or an appealing owner occupied option with income from the other two apartments. The efficiency has consistently performed above area averages and the long term tenant in the 2 bed helps contribute to dependable income and low vacancy. Major improvements include three newer furnaces, upgraded electrical service, modernized wiring and plumbing updates. A large lot provides extensive off street parking, while a shared entry driveway and low maintenance exterior helps simplify ownership.