814-816 W Walnut St - Apartments FOR SALE


Kalamazoo, MI 49007- Vine
$1,789,000 USD
269-349-1000
814-816 W Walnut St, Kalamazoo, MI for Sale
$1,789,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

814-816 W Walnut St
Kalamazoo, MI 49007
Vine


HIGHLIGHTS

  • Location, Location, Location
  • Capital Elements Improved
  • 13 of 17 units modernized

OVERVIEW

We are pleased to present this one of a kind 18 unit Multi-Family offering geographically positioned just outside of Downtown Kalamazoo. Nestled into the Walnut and Lovell district, this asset is one of only a few that offers, walking distance to bustling Downtown, neighborhood feel, and immediate proximity to Western Michigan University. Recently improved, this offering boast new roof and parking lot in the last 5 years as well as 14 of the 18 units have been modernized and rent improved. Significant upside remains for the next Owner to renovate the final 4 units.

FOR SALE DETAILS

PRICE

$1,789,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

18

PRICE/UNIT

$99,389

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Walnut Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

RM-15

APN/PARCEL ID

06-21-219-019

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.