$625,000
Kalamazoo, MI 49006
MLS# 26044786
1 / 22
Property Description
Outstanding opportunity to acquire a well maintained, income -producing two unit property ideally located within walking distance to Western Michigan University. A total of 11 bedrooms and 6 full bathrooms, this property combines size, location, amenities, established leases and strong rental history. Property highlights include: Unit #1- 5 bedrooms/3 full baths. Unit #2- 6 bedrooms/ 3 full bathrooms. Both units include laundry room with a washer and dryer, garage parking and additional off street parking. Both units also include 1 stove and 2 refridgerators and 1 dishwasher. Strong rental history with income already in place and certified with the City of Kalamazoo. Unit 1327 has a 1 year lease and 1329 has a 2 year lease inplace. Acquire a multiple Income -producing units in a single transaction. Proximity to Western Michigan Unvirsity, generous bedroom count, garage and off street parking, in-unit laundry, appliances, current rental certificatin and established rental history
Details
Location & Property Info
Cross Streets: Michigamme & Michigan
Property Sub-Type: 2 to 4 Units
Municipality: Kalamazoo City
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 154.4
General Property Info
New Construction: No
Lot Dimensions: 94 x 175
Financial Available: Yes
Financial Comments: See Documents
Road Frontage: 94
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-07-29
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 4048
Total Parking Spaces: 11
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 15246
Lot Acres: 0.35
Year Built: 2008
Tax Info
Taxable Value: 264291
SEV: 279500
For Tax Year: 2026
Seller's Annual Property Tax: 18026.31
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: none
Zoning: RM-15 multi-fam
Tax ID #: 06-20-321-012
Remarks & Misc
Public Remarks: Outstanding opportunity to acquire a well maintained, income -producing two unit property ideally located within walking distance to Western Michigan University. A total of 11 bedrooms and 6 full bathrooms, this property combines size, location, amenities, established leases and strong rental history. Property highlights include: Unit #1- 5 bedrooms/3 full baths. Unit #2- 6 bedrooms/ 3 full bathrooms. Both units include laundry room with a washer and dryer, garage parking and additional off street parking. Both units also include 1 stove and 2 refridgerators and 1 dishwasher. Strong rental history with income already in place and certified with the City of Kalamazoo. Unit 1327 has a 1 year lease and 1329 has a 2 year lease inplace. Acquire a multiple Income -producing units in a single transaction. Proximity to Western Michigan Unvirsity, generous bedroom count, garage and off street parking, in-unit laundry, appliances, current rental certificatin and established rental history
Legal: FRATERNITY VILLAGE PART OF LOT 4 BEG AT THE NW COR OF LOT 4; TH N 59DEG 34MIN 21SEC E 103.0FT ALG THE NWLY LI OF LOT 4; TH S 30DEG 25MIN 39SEC E 9.64FT; TH N 59DEG 34MIN 21SEC E 76.64FT; TH S 30DEG 25MIN 39SEC E 43.06FT; TH N 59DEG 14MIN 53SEC E 9.67FT; TH S 30DEG 45MIN 07SEC E 39.0FT; TH S 59DEG 14MIN 53SEC W 173.20FT TO THE ELY R-O-W LI OF FRATERNITY VILLAGE DRIVE; TH NWLY 94.14FT ALG A CURVE TO
Lot Description
Sidewalk: 1
Other: 1
Income and Expenses
Annual Maintenance: 2000
Annual Utilities: 0
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
In Basement: 1
Exterior Material
Vinyl Siding: 1
Other: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Concrete: 1
Paved: 1
Substructure
Full: 1
Walk-Out Access: 1
Extras
Garages: 1
Laundry Facility: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
None: 1
Unit 1
Unit #: 1
Unit Description: 1327
SqFt: 1830
Occupied: Yes
Monthly Rent: 2625
Bedrooms: 5
Bathrooms: 3
Full Baths: 3
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Garage: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 1329
SqFt: 2218
Occupied: Yes
Monthly Rent: 3150
Bedrooms: 6
Bathrooms: 3
Full Baths: 3
Central Air: 1
Dishwasher: 1
Garage: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kalamazoo
Street #: 1327
Street Name: Fraternity Village
Suffix: Drive
State: MI
Zip Code: 49006
Zip (4): 5914
OfficeContract Info
Status: Active
Current Price: $625,000
List Price: $625,000
Listing Date: 2026-08-24
Remarks Misc
Directions: Michigan north to East on Fraternity Village Drive
Property Features
Laundry Features: In Basement
Exterior Material: Vinyl Siding; Other
Roofing: Composition
Substructure: Full; Walk-Out Access
Lot Description: Sidewalk; Other
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Garages; Laundry Facility; Sep Electric Meter; Sep Gas Meter
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete; Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Central Air; Deck/Patio; Dishwasher; Garage; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: Central Air; Dishwasher; Garage; Range/Oven; Refrigerator; Washer/Dryer
Supplements
distinguish this property from many smaller rental investments in the area
Listing Office: i-VEST Real Estate Group
Listing Agent: Bonnie k Granado
Last Updated: August - 25 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.