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West Walnut Apartments 814-816 W Walnut St 18 Unit Apartment Building $1,789,000 ($99,389/Unit) Kalamazoo, MI 49007
Investment Highlights
- Location, Location, Location
- 13 of 17 units modernized
- Capital Elements Improved
Executive Summary
We are pleased to present this one of a kind 18 unit Multi-Family offering geographically positioned just outside of Downtown Kalamazoo. Nestled into the Walnut and Lovell district, this asset is one of only a few that offers, walking distance to bustling Downtown, neighborhood feel, and immediate proximity to Western Michigan University. Recently improved, this offering boast new roof and parking lot in the last 5 years as well as 14 of the 18 units have been modernized and rent improved. Significant upside remains for the next Owner to renovate the final 4 units.
Property Facts
| Price | $1,789,000 | Building Class | C |
| Price Per Unit | $99,389 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 17,115 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-15 | ||
| Price | $1,789,000 |
| Price Per Unit | $99,389 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 17,115 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | RM-15 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 11 | - | 850 |
| 2+1.5 | 6 | - | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 06-21-219-019 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $462,300 |
Property Taxes
Parcel Number
06-21-219-019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$462,300
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West Walnut Apartments | 814-816 W Walnut St
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