1327 Fraternity Village Drive, Kalamazoo, MI 49006 (MLS# 26044786)

1327 Fraternity Village Drive, Kalamazoo, MI 49006

New Listing

$625,000

Property Type: Multi Family Lot Size (sq. ft.): 15,246 Status: Active

Current Price: $625,000 List Date: 8/25/2026 Last Modified: 8/25/2026

Overview

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

Supplements: distinguish this property from many smaller rental investments in the area

Listing Details MLS# 26044786

Location Property Info

County: Kalamazoo
Street #: 1327
Street Name: Fraternity Village
Suffix: Drive
State: MI
Zip Code: 49006
Zip (4): 5914

General Property Info

Lot Measurement: Acres
Lot Square Footage: 15246
Lot Acres: 0.35
Lot Dimensions: 94 x 175
Year Built: 2008
New Construction: No
Financial Available: Yes
Financial Comments: See Documents
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-07-29
Road Frontage: 94
Total # Units: 2
# of Diff Unit Floor Plans: Yes
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 4048
Total Parking Spaces: 11
Waterfront: No
School District: Kalamazoo
Basement: Yes

Tax Info

Tax ID #: 06-20-321-012
Taxable Value: 264291
SEV: 279500
For Tax Year: 2026
Seller's Annual Property Tax: 18026.31
Tax Year: 2025
Spec Assessment & Ty: none
Zoning: RM-15 multi-fam
Homestead %: 0

Remarks Misc

Directions: Michigan north to East on Fraternity Village Drive

Access Feat

Accessibility Features: No

More Information

Income and Expenses

Annual Insurance: 1398

Unit 1

Unit #: Yes
Unit Description: 1327
SqFt: 1830
Occupied: Yes
Monthly Rent: 2625
Bathrooms: 3
Full Baths: 3
Central Air: Yes
Deck/Patio: Yes
Dishwasher: Yes
Garage: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Unit 2

Unit #: 2
Unit Description: 1329
SqFt: 2218
Occupied: Yes
Monthly Rent: 3150
Bathrooms: 3
Full Baths: 3
Central Air: Yes
Dishwasher: Yes
Garage: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

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

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: Yes
Other: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Laundry Features

In Basement: Yes

Exterior Material

Vinyl Siding: Yes
Other: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Trash: Yes

Driveway

Concrete: Yes
Paved: Yes

Substructure

Full: Yes
Walk-Out Access: Yes

Extras

Garages: Yes
Laundry Facility: Yes
Sep Electric Meter: Yes
Sep Gas Meter: Yes

Owner Pays

Sewer: Yes
Water: Yes

Possession

Subject To Tenant Rights: Yes

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: Sewer; Water Tenant Pays: Electric; Gas; Trash 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

Listing Office: i-VEST Real Estate Group

Listing Agent: Bonnie k Granado

Last Updated: August - 25 - 2026

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