1619 & 1625 Fraternity Village Dr

For Sale

1619 Fraternity Village Dr, Kalamazoo, MI 49006

This Kalamazoo property for sale is located at 1619 Fraternity Village Dr. The current listed sale price for 1619 & 1625 Fraternity Village Dr is $1,600,000. 1619 & 1625 Fraternity Village Dr is situated on a lot that is 0.23 acre in size.

Contacts

broker

Eli Wasserman

NAI Farbman

Property Details

  • Property Type Multi-Family
  • Property Size 10,232 SF
  • Units 20
  • Lot Size 0.23 Acre
  • Additional Rent Contact for pricing
  • Year Built 1984
  • Date Updated Nov 18, 2024
Ideally located within walking distance to Western Michigan University's campus, on a street with a mix of Student Housing and Fraternities.Two buildings nestled in the back of Fraternity Village Drive catering cater to students at Western Michigan University and Kalamazoo College. The 1619 building leases by the bed to students and all leases are co-signed by a guarantor. The 1625 building is in a master lease with a Fraternity through the 2026-27 School Year.

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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 a three-bedroom unit in the basement of 1619 building
  • - Guaranteed revenue from Master Lease with fraternity signed through 2026-27
  • - Built in 1984, zoned RM-15
  • - Excellent rental history and potential for future growth
  • -Additional revenue generated through coin-operated laundry and utility bill-back system

Getting around

  • 38/100

    Walk Score ®

  • 38/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Kalamazoo, MI
  • Neighborhood Knollwood
  • Zip Code 49006
  • Market Grand Rapids

Points of Interest

  • Marathon

    0.26 miles

  • ChargePoint

    0.50 miles

  • Phillips 66

    0.61 miles

  • Speedway

    1.13 miles

  • Citgo

    1.13 miles

  • Costco Gasoline

    1.22 miles

  • Rich Oil

    1.23 miles

  • Shell

    1.84 miles

  • Electrify America

    4.70 miles

  • Parking Lot 75

    0.39 miles

  • Parking Lot 63

    0.42 miles

  • Parking Lot 70

    0.43 miles

  • Parking Lot 74

    0.43 miles

  • Parking Lot 73

    0.43 miles

  • Parking Lot 90

    0.44 miles

  • Parking Lot 76

    0.45 miles

  • Parking Lot 36

    0.47 miles

  • Parking Lot 49

    0.50 miles

  • Parking Lot 38

    0.51 miles

  • Staybridge Suites

    0.85 miles

  • WoodSpring Suites

    1.51 miles

  • Delta Hotel Kalamazoo West

    1.59 miles

  • Red Roof Inn

    1.59 miles

  • Baymont Kalamazoo

    1.62 miles

  • Henderson Castle

    1.63 miles

  • Best Western Plus Kalamazoo Suites

    1.67 miles

  • Comfort Inn

    2.01 miles

  • Super 8 by Wyndham Kalamazoo

    2.09 miles

  • Holiday Inn & Suites Kalamazoo West

    2.46 miles

  • Campus Pointe Mall

    0.52 miles

  • Save-A-Lot

    0.93 miles

  • Trader Joe's

    1.25 miles

  • D&W Fresh Market

    1.30 miles

  • Harding's Friendly Market

    1.76 miles

  • Natural Health Food Center

    1.78 miles

  • Kohl's

    1.80 miles

  • Aldi

    1.96 miles

  • Marshalls

    1.96 miles

  • GFS Marketplace

    2.01 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Eli Wasserman

NAI Farbman