Because the very high mortgage rates limit buyers' ability to purchase rental properties, sellers offer qualified buyers land contract in following terms: 1. buyers pay 20% or more down payment. 2. Interest rate is 6.5% with 30 years amortization. 3. land contract term: 10 years balloon. 4. Buyers have right to pay off the mortgage anytime without penalty. Large side by side duplex in Stuart neighborhood. Only 200 feet away from Kalamazoo College. Each unit has large family room, dining room, kitchen, three bedrooms and one bathroom. Large 3-bedroom units with 1470 sqft each. The property has total 2940 sqft. Furnaces and water heaters are less than 10 years old. Separate gas and electricity meters. Tenants pay gas and electricity. Both units are rented out. City certificate valid until Feb 28, 2025. Note the street address for the property is 229 Douglas Ave, Kalamazoo, MI 49007.