3125 W Michigan Ave Kalamazoo, MI 49006

Property Details for 3125 W Michigan Ave

Lot size

1.15 lot acres

Zone code

RM-15

Property type

Commercial real estate

APN

06-20-310-001

APU

620310001

Description

This exceptional 13,752 square foot, 17-unit apartment building presents a lucrative investment opportunity in Kalamazoo, Michigan. Built in 1999 on a 1.15-acre lot, this two-story building boasts 36 paved parking spaces and is conveniently located less than half a mile from Western Michigan University's campus. The property features a full commercial kitchen and dining hall, ideal for shared housing or redevelopment into multi-family units. The building includes a mix of private and shared bathrooms, multiple rooms, and a private apartment suitable for an on-site manager. Amenities include a laundry facility on both floors, multiple forced-air HVAC units, and a wet fire suppression system. The building's interior features a variety of flooring including tile, carpet, and vinyl. The property is zoned RM-15 Residential, Multi-Dwelling, offering flexibility for future use. Municipal water and sewer services are available. The asking price is $949,000. This property offers significant potential for strong rental income and future appreciation. The existing structure, formerly a sorority house, provides a solid foundation for a variety of uses, making it an attractive investment for both seasoned and emerging real estate investors. The property's proximity to the university ensures a consistent demand for rental units. The substantial parking and well-maintained building contribute to its overall appeal. This is a rare opportunity to acquire a well-located, multi-unit property with significant upside potential.