1625 Fraternity Village Dr - Apartments FOR SALE
Kalamazoo, MI 49006 |
1625 Fraternity Village Dr
Kalamazoo, MI 49006
HIGHLIGHTS
- Walking distance to Western Michigan University (0.7 miles to campus)
- 100% occupancy for the 2024-25 school year
- All 1-bedroom or studio units, appealing to renters in this market
- 90% of units in the 1619 building are newly renovated
- Value-Add opportunity: finish buildout of two studio units in the ground floor of 1619 building
- Guaranteed revenue from Master Lease with fraternity signed through 2026-27
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
10232
STORIES
3
YEAR BUILT
1984
PARKING SPACES
34
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
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APN/PARCEL ID
06-20-362-009
