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Arlington off Main 525 N Arlington St 24 Unit Apartment Building $2,534,019 CAD ($105,584 CAD/Unit) 4.89% Cap Rate Kalamazoo, MI 49006
Investment Highlights
- 25 Units
- Excellent location
- Stablized cash flow
- Improved units
Executive Summary
Welcome to Arlington off Main! This 25 unit apartment community is unlike anything else in the market. With immediate cash flow available, improved unit fit and finish, and updated capital elements, this investment is primed for any investor that seeks stabilized cash flow day one! Rents are under market comparable to like kind communities giving the future owner the opportunity for income upside! Geographically positioned by the new Arena project in Downtown, Kalamazoo College, and Western Michigan University, the subject property will be relevant for years to come!
Property Facts
| Price | $2,534,019 CAD | Building Class | C |
| Price Per Unit | $105,584 CAD | Lot Size | 1.57 AC |
| Sale Type | Investment | Building Size | 20,350 SF |
| Cap Rate | 4.89% | Average Occupancy | 96% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.97/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-2 | ||
| Price | $2,534,019 CAD |
| Price Per Unit | $105,584 CAD |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 20,350 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | RM-2 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | 675 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $604,603 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$604,603 CAD
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Arlington off Main | 525 N Arlington St
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