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CountryView Apartments 161 Gale Ave 28 Unit Apartment Building $2,200,000 ($78,571/Unit) 7.25% Cap Rate Galesburg, MI 49053
Investment Highlights
- Access & Connectivity
- Off-Street Parking & Amenities
- Quality of Life Amenities
- Area Amenities & Demand Drivers
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the CountryView Apartments, a multi-family investment property located at 161 Gale Ave in Galesburg, MI (the “Property”). The Property features six (6) separate two-story buildings containing nineteen (19) 2-Bedroom/1-Bathroom units and nine (9) 1-Bedroom/1-Bathroom units with 20,425 square feet of gross living area in 21,500 square feet of gross area. The Property is situated upon a 1.14-acre parcel and features forty-two (42) off-street parking spaces. CountryView Apartments is strategically located in the Village of Galesburg, offering residents convenient access to the surrounding Kalamazoo metropolitan area while maintaining a quiet suburban setting. Situated along Gale Avenue near M-96 and just minutes from Interstate 94, the property benefits from strong regional connectivity to major employment and retail corridors throughout Kalamazoo County.
Property Facts
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $78,571 | Lot Size | 1.14 AC |
| Sale Type | Investment | Building Size | 21,500 SF |
| Cap Rate | 7.25% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | C | ||
| Price | $2,200,000 |
| Price Per Unit | $78,571 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 21,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $316,700 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$316,700
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CountryView Apartments | 161 Gale Ave
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