161 Gale Ave - Apartments FOR SALE


Galesburg, MI 49053
$2,200,000 USD
312-624-7087
161 Gale Ave, Galesburg, MI for Sale
$2,200,000 USD
Apartments - FOR SALE
1/9
null | 7.25% Cap Rate

161 Gale Ave
Galesburg, MI 49053


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the CountryView Apartments, a multi-family investment property located at 161 Gale Ave in Galesburg, MI (the “Property”). The Property features six (6) separate two-story buildings containing nineteen (19) 2-Bedroom/1-Bathroom units and nine (9) 1-Bedroom/1-Bathroom units with 20,425 square feet of gross living area in 21,500 square feet of gross area. The Property is situated upon a 1.14-acre parcel and features forty-two (42) off-street parking spaces. CountryView Apartments is strategically located in the Village of Galesburg, offering residents convenient access to the surrounding Kalamazoo metropolitan area while maintaining a quiet suburban setting. Situated along Gale Avenue near M-96 and just minutes from Interstate 94, the property benefits from strong regional connectivity to major employment and retail corridors throughout Kalamazoo County.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

28

PRICE/UNIT

$78,571

CAP RATE

7.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CountryView Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

C

APN/PARCEL ID

08-18-302-010,08-18-302-020,08-18-302-030,08-18-302-040,08-18-302-050,08-18-302-060

ASK ABOUT THIS PROPERTY

Caroline KittleHorvath & TremblayMore Info
312-624-7087

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Caroline KittleHorvath & TremblayMore Info
312-624-7087

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.