MI
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$1,700,000
161 Days On Site
503 N Riverview DriveParchment, MI 49004
For Sale|Multi Family|Active
0
Beds
0
Total Baths
1950
Built
County:
Kalamazoo
Listing courtesy of Adam Atwood of Five Star Real Estate
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Exceptional 24-unit apartment complex featuring 23 spacious 1-bedroom units and 1 2-bedroom unit across four solid brick, 3-story buildings (6 units per building). Located in a prime rental market with excellent occupancy history and long-term tenant stability. Property includes 25 total parking spaces (carport and lot parking) and two well-maintained coin laundry rooms for added convenience and revenue. Total monthly revenue is currently near $20,000. Many units have been tastefully updated, and there's strong potential for value-add by converting up to 19 units into 2-bedrooms. Tenants pay electric and cooking gas, while owner covers heat, water/sewer, trash, and lawn/plow services. Low vacancy, strong returns, and clear upside make this a rare multifamily opportunity.
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Listing Snapshot
Price
$1,700,000
Days On Site
161 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.75 Acres
Year Built
1950
MLS® Number
25039540
Status
Active
Property Tax
$27,194.3
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 5 months ago | Listing first seen on site | |
| 5 months ago | Listing updated with changes from the MLS® |
General Features
Acres
0.75
Cross Street
Thomas and W Glenguile Ave
Parking
Paved
Parking Spaces
25
Property Sub Type
Multi Family
Sewer
Public Sewer
Utilities
Natural Gas AvailablePhone ConnectedNatural Gas ConnectedElectricity ConnectedCable ConnectedSewer AvailableWater Available
Water Source
Public
Interior Features
Basement
Full
Heating
Natural GasHot Water
Laundry Features
Common Area
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Exterior Features
Construction Details
Brick
Frontage
375.0
Lot Features
Corner Lot
Other Structures
Storage
Roof
Composition
Community Features
Community Features
Sidewalks
Financing Terms Available
CashConventional
MLS Area
Greater Kalamazoo - K
Roads
Paved
School District
Parchment
Township
Parchment City
Schools
School District
Parchment
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Adam Atwood of Five Star Real Estate
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, MichRIC MLS.
Last checked: 2026-01-15 11:08 AM UTC
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, MichRIC MLS.
Last checked: 2026-01-15 11:08 AM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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