8150 E Michigan Ave - Apartments FOR SALE


Galesburg, MI 49053
$2,025,000 USD
847-533-0613
8150 E Michigan Ave, Galesburg, MI for Sale
$2,025,000 USD
Apartments - FOR SALE
1/13
null | 7.71% Cap Rate

8150 E Michigan Ave
Galesburg, MI 49053


HIGHLIGHTS

  • Attractive Unit Mix — Six One-Bedroom and 16 Two-Bedroom Units Across Two Well-Maintained Buildings
  • Recent Renovations — Enhanced Long-Term Appeal with Reduced Near-Term Execution Risk
  • Diverse Employment Base — Anchored by Bronson Healthcare, Stryker Corporation, Pfizer/Zoetis, and Western Michigan University

OVERVIEW

Marcus & Millichap is pleased to present Birchwood Apartments, a 22-unit multifamily community located at 8150 E. Michigan Avenue in Galesburg, Michigan, within the Kalamazoo MSA. Built in 1974, the property consists of two garden-style buildings situated on an expansive 10-acre wooded parcel and offers a favorable unit mix of six one-bedroom / one-bathroom units and 16 two-bedroom / one-bathroom units. The property features on-site laundry facilities, off-street parking, ample outdoor space, and a straightforward utility structure with tenants responsible for gas and electric. Current ownership has completed recent interior renovations, enhancing the property’s long-term appeal and reducing near-term execution requirements for an incoming investor. The property’s predominantly two-bedroom unit mix, low-density setting, and substantial wooded grounds distinguish Birchwood from more conventional multifamily communities and position it to appeal to residents seeking additional space in a quiet residential environment. Birchwood benefits from immediate access to Interstate 94 and is located approximately 10 miles from Kalamazoo, providing convenient connectivity to the Kalamazoo/Battle Creek International Airport, major employment centers, Comstock Public Schools, and nearby recreational amenities such as Chipman Preserve. The Kalamazoo MSA is supported by a diverse economic base spanning healthcare, advanced manufacturing, life sciences, and higher education, with major employers including Bronson Healthcare, Western Michigan University, Stryker Corporation, Pfizer/Zoetis, and Ascension Borgess. Birchwood Apartments presents investors with the opportunity to acquire a well-maintained, income-producing asset in an accessible Southwest Michigan location supported by a broad regional employment base.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

22

PRICE/UNIT

$92,045

CAP RATE

7.71%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Birchwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

Commercial

APN/PARCEL ID

07-22-105-040

ASK ABOUT THIS PROPERTY

Yianni MouflouzelisMarcus & MillichapMore Info
847-533-0613

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Yianni MouflouzelisMarcus & MillichapMore Info
847-533-0613

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