1401-1409 Lafayette Avenue

Multi-Family for Sale
Catylist Listing ID: 30729402
Property Subtypes: Student Housing
Number of Units: 22 Units
Building Size (RSF): 6,588 SF
Gross Land Area: 0.38 Acres
Sale Price: $1,199,000
Unit Price: $54,500 Per Unit
Property Use Type: Investment
Usable Size (USF): 6,588 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2021

Overview / Comments

22 beds in 4 units, two 5 bedroom and two 6 bedroom. Fully Leased for the 2021-2022 school year. 1 garage per unit. Built in 2015.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: Kalamazoo City
Tax ID/APN: 3900-06-20-376-123
Zoning: RM-15C
Percent Occupied: 100%
Property Located Between: Westbrook & Redwood
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 2015
Construction/Siding: Vinyl Siding
Parking Type: Surface, Other
Heat Type: Natural Gas
Heat Source: Baseboard, Central
Air Conditioning: Package Unit
Lot Frontage: 125
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,337 90,084 160,122
Median Age: 24.41 31.34 33.67
Households: 6,538 37,236 65,555


Photograph of Listing Agent

David Keyte, CCIM

Callander Commercial CPIX Member
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