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WMU Student Housing Portfolio
3301 West Michigan Ave, Kalamazoo, MI 49006
69 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 55,043 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- Listing ID
- Last Updated
- over 1 year ago
Marcus & Millichap is pleased to announce for sale a student housing portfolio near the Western Michigan University campus in Kalamazoo, Michigan. The offering is comprised of 69 apartment units spread amongst three (3) properties, including the Treehouse Apartments, the Greenwood Apartments, and the Sprague Apartments.
The Treehouse property is located 8 blocks from campus in a beautiful forest-like setting. It is a four-story brick building featuring (22) 2-Bedroom and (1) 1-Bedroom units. There is a laundry room on site and the building is heated by baseboard heat from a central boiler. There are approximately 41 parking spaces on-site.
The Greenwood property consists of three similar two-story brick buildings located roughly 4 blocks from campus. Each building includes eight units, with (4) 2-Bedroom and (4) 1-Bedroom units. The two bedroom units have hardwood floors and each building has its own laundry room, water heater for all units, and boiler for baseboard radiator heat. There are 42 parking spaces on-site.
The Sprague property consists of a 21-unit three-story building with (20) 2-Bedroom and (1) 1-Bedroom units and a 3 Bedroom/2 Bath house with a detached 2-car garage. This property is located only 2 blocks from campus.
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P