525 N Arlington St - Apartments FOR SALE


Kalamazoo, MI 49006- Westwood
$1,850,000 USD
269-349-1000
525 N Arlington St, Kalamazoo, MI for Sale
$1,850,000 USD
Apartments - FOR SALE
1/37
null | 4.89% Cap Rate

525 N Arlington St
Kalamazoo, MI 49006
Westwood


HIGHLIGHTS

  • 25 Units
  • Stablized cash flow
  • Excellent location
  • Improved units

OVERVIEW

Welcome to Arlington off Main! This 25 unit apartment community is unlike anything else in the market. With immediate cash flow available, improved unit fit and finish, and updated capital elements, this investment is primed for any investor that seeks stabilized cash flow day one! Rents are under market comparable to like kind communities giving the future owner the opportunity for income upside! Geographically positioned by the new Arena project in Downtown, Kalamazoo College, and Western Michigan University, the subject property will be relevant for years to come!

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

24

PRICE/UNIT

$77,083

CAP RATE

4.89%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arlington off Main

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

RM-2

APN/PARCEL ID

06-17-297-010,06-17-297-030,06-17-297-090

ASK ABOUT THIS PROPERTY

Matthew CallanderCallander CommercialMore Info
269-349-1000

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Matthew CallanderCallander CommercialMore Info
269-349-1000

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