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3125 W Michigan Ave 20 Unit Dormitory $895,000 ($44,750/Unit) Kalamazoo, MI 49006
Executive Summary
This 13,752 SF building was built as a sorority house in 1999. The property consists of 1.147 acres, less than a half mile from Western Michigan University’s campus. The building has a private apartment, full commercial kitchen, with dining hall, multiple rooms, and shared bathrooms. The location is perfect for a similar shared housing group, or
the zoning will allow it to be redeveloped into multi family. Offers will be considered exclusively through Kalamazoo Commercial Real Estate.
the zoning will allow it to be redeveloped into multi family. Offers will be considered exclusively through Kalamazoo Commercial Real Estate.
Property Facts Under Contract
| Price | $895,000 | Building Class | B |
| Price Per Unit | $44,750 | Lot Size | 1.18 AC |
| Sale Type | Investment | Building Size | 13,752 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Dormitory | Parking Ratio | 2.62/1,000 SF |
| Zoning | Residential - Residential Zoned Property | ||
| Price | $895,000 |
| Price Per Unit | $44,750 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Class | B |
| Lot Size | 1.18 AC |
| Building Size | 13,752 SF |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 2.62/1,000 SF |
| Zoning | Residential - Residential Zoned Property |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Carpet
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 20 | - | - |
1 1
Property Taxes
| Parcel Number | 06-20-310-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $600,000 |
Property Taxes
Parcel Number
06-20-310-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$600,000
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3125 W Michigan Ave
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