447 W WALNUT ST Kalamazoo MI 49007-5181

447 Walnut is a vintage 15-unit, 26-bed multifamily property built in 1905 and located in Kalamazoo’s historic Vine neighborhood.

The property is all stone and masonry construction and contains predominantly one and two bedroom units. Apartments feature original hardwood floors, classic trim and built-ins, and updated kitchens and baths. There is laundry in the basement of the building and off street parking with approximately 22 spaces.

447 Walnut is located at the corner of Westnedge and Walnut, just three blocks from the heart of downtown Kalamazoo and four blocks east of Western Michigan University. This location has a Walk Score of 86 and provides easy pedestrian access to a host of bars and restaurants as well as the campuses of WMU and Kalamazoo College.

Consistently 100% occupied, 447 Walnut saw rent growth of 4.6% last year. Offered free and clear of debt at a 7.00% CAP on tax-adjusted pro forma with third party management in-place, 447 Walnut provides significant going-in cash returns.