1619 & 1625 Fraternity Village Dr

1619 Fraternity Village Dr, Kalamazoo, MI 49006

  • For Sale $1,600,000
  • 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 Sep 9, 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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Attachments

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

Contacts

broker

Eli Wasserman

NAI Farbman

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Kalamazoo, MI
  • Neighborhood Knollwood
  • Zip Code 49006
  • Market Grand Rapids

Points of Interest

  • Marathon

    0.43 miles

  • ChargePoint

    0.50 miles

  • Phillips 66

    0.61 miles

  • Costco Gasoline

    1.22 miles

  • Rich Oil

    1.23 miles

  • Marathon

    1.48 miles

  • BP

    1.78 miles

  • Shell

    1.84 miles

  • Shell

    1.88 miles

  • Shell

    1.93 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 by Wyndham 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

  • Radisson Plaza Hotel at Kalamazoo Center

    2.47 miles

  • Buffalo Wild Wings

    0.33 miles

  • Bilbo's Pizza in a Pan

    0.35 miles

  • Los Amigos

    0.38 miles

  • Jet's Pizza

    0.40 miles

  • Jimmy John's

    0.45 miles

  • East Egg

    0.47 miles

  • Subway

    0.48 miles

  • The Pita Pit

    0.51 miles

  • Subway

    0.52 miles

  • Burger King

    0.76 miles

  • Arcadia Elementary School

    0.63 miles

  • Kalamazoo Christian High School

    0.67 miles

  • Winchell Elementary School

    0.73 miles

  • Western Michigan University

    0.79 miles

  • Linden Grove Middle School

    0.97 miles

  • Kalamazoo College Athletics Fields Complex

    1.24 miles

  • Kazoo School

    1.27 miles

  • Phoenix High School

    1.33 miles

  • Woods Lake Elementary

    1.37 miles

  • West Main Professional Development Center

    1.55 miles

  • Gilden Woods Early Care and Preschool

    1.25 miles

Frequently Asked Questions

How much does 1619 & 1625 Fraternity Village Dr cost?

The space currently listed for sale at 1619 & 1625 Fraternity Village Dr asks for $1,600,000.

What is the total square footage of 1619 & 1625 Fraternity Village Dr?

1619 & 1625 Fraternity Village Dr totals 10,232 square feet.

When was this property built?

1619 & 1625 Fraternity Village Dr was built in 1984.

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Contact Listing Broker

broker

Eli Wasserman

NAI Farbman