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521 Pearl St, Kalamazoo, MI, 49007

$1,470,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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521 Pearl St, Kalamazoo$1,470,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingUnpaved
Year Built1924
HeatingForced Air, Natural Gas
BasementYes
MLS #65024058041
Lot Size0.25 Acres
StatusActive

About 521 Pearl St

Don't miss this incredible opportunity to own a 21-unit portfolio in the thriving city of Kalamazoo, MI! Consisting of four well-maintained buildings--8-unit, 6-unit, 4-unit, and 3-unit properties--this portfolio is a fantastic addition for the savvy investor or a powerful way to kickstart your real estate journey. With 20 units currently occupied, this investment already generates an annual solid income of $147,283, with room for even more significant potential. Strategically located, including some units in the desirable Vine neighborhood, each property is turn-key, city-certified, and enhanced with recent updates. This portfolio is primed for the right investor to step in and capitalize on Kalamazoo's growing rental demand! Add to your current rental portfolio, or it's a great start to aa new one. MLS 24057862, 24057863, 24057861 and 24057860

Property Details

Property Features

Property Information:

  • Year Built: 1924

Listing Office:

  • Office Name: Keller Williams GR East, Keller Williams Realty SWM
  • Office Phone: (616) 575-1800, (269) 469-2911
  • Listing Agent: Lucas Howard, Luke Schrader

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Unpaved

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: 521 Pearl St - one block West Of Westnedge Avenue on Pearl Street. 922 S Park St - Park street south pass Burr Oak to property. 319 W Dutton St - one St. N. Of Vine Between Park And Rose. 731 Village St - Westnedge Avenue go South to Village Street and then West to home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,470,000

Tax Information:

  • Annual Amount: $3,650
  • 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

$230.3K

Med. Price/SqFt

$141

Avg. Days On Market

22

# of Sold Homes

117

521 Pearl St vs Kalamazoo

43 DAYS ON ROCKET

+21 Days

$1,470,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M 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: #65024058041

Listing Office:

  • Office Name: Keller Williams GR East, Keller Williams Realty SWM
  • Office Phone: (616) 575-1800, (269) 469-2911
  • Listing Agent: Lucas Howard, Luke Schrader

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: 12/18/2024, 10:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,650$91,400
2020$3,515$85,200
2019$3,515$79,000
2018 - $80,700
2017 - $78,500

History based on county public records data.

Payment Calculator

$7,404

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,474

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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.

Nearby Schools

school-card-donut-4502488
5
/10

  • El Sol Elementary School

  • 604 W Vine St

  • 0.17 miles

  • Public Magnet Grades KG-5

school-card-donut-4502489
4
/10

  • Woodward School for Technology and Research

  • 606 Stuart Ave

  • 0.78 miles

  • Public Magnet Grades PK-5

school-card-donut-4502490
4
/10

  • Lincoln International Studies School

  • 912 N Burdick St

  • 1.03 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,071. 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 post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kalamazoo County›Kalamazoo›49007›521 Pearl St

This home is located at 521 Pearl St in Kalamazoo, MI and zip code 49007 in the Vine neighborhood. This home, which was built in 1924, sits on a 0.25 acre lot. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $1,470,000.

While more than 25 listings in Kalamazoo, MI in November 2024 were sold above asking price, there were more than 25 listings sold at asking price, and more than 67 were sold below. In November 2024 in Kalamazoo, MI there were 4% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $230,336, while the average time on the real estate market was 22 days.

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

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