700 S Howard St | Kalamazoo, MI 49006
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- LoopNet Team
700 S Howard St
Kalamazoo, MI 49006
Newly Renovated Student Housing + Dev Upside · Multifamily Property For Sale
·
122 Units
INVESTMENT HIGHLIGHTS
- 700 SOHO is a purpose-built student housing community serving the students at Western Michigan University in Kalamazoo, MI.
- A $2.2 million capital improvement offers an extraordinary living experience currently averaging nearly 10% below the competitive set average rents.
- 700 SOHO is steps from Western Michigan University (WMU) and close to neighboring schools, such as Kalamazoo College and WMU School of Medicine.
- Offers 122 units and 484 beds comprised of 4-bedroom / 2-bathroom and 2-bedroom / 2-bathroom unit configurations with a future phase opportunity.
- Investors can capitalize on a newly renovated community with superior finishes to attract the growing student base from surrounding universities.
- $550 million donation to WMU with $300 million for the Homer Stryker M.D. School of Medicine to build on the #2 aviation program in the nation.
PROPERTY FACTS
| No. Units | 122 | Lot Size | 9.30 AC |
| Property Type | Multifamily | Building Size | 206,936 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | A | Year Built/Renovated | 2001/2019 |
| Zoning | RM-36 - Residential | ||
| No. Units | 122 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 9.30 AC |
| Building Size | 206,936 SF |
| Average Occupancy | 89% |
| No. Stories | 4 |
| Year Built/Renovated | 2001/2019 |
| Zoning | RM-36 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Pool
- Property Manager on Site
- Spa
- Breakfast/Coffee Concierge
- Package Service
- Community-Wide WiFi
- Lounge
- Maintenance on site
- Sundeck
- Roommate Matching
PROPERTY TAXES
| Parcel Number | 06-20-175-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,356,500 |
PROPERTY TAXES
Parcel Number
06-20-175-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,356,500
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