1327 Fraternity Village Drive Kalamazoo, MI $ 625,000
1327 Fraternity Village Drive
$ 625,000
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1327 Fraternity Village Drive

Kalamazoo, MI, 49006
$ 625,000
Baths6.0

Monthly Estimate*

$ 3,946

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Studio

Multi-Family Home for sale in Kalamazoo, MI

for $625,000 with 6 full baths. This home was built in 2008 on a lot size of 0.35.

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 distinguish this property from many smaller rental investments in the area

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Multi-Family Active

Price

$ 625,000

Bedrooms

Studio

Full Bath

6

Property Type

Multi-Family

Taxes

$ 18,026

Style

2 to 4 Units

Lot Size

0.35

Year Built

2008

Town/City

Kalamazoo

County/Region

Kalamazoo

MLS | Web ID

26044786

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected
Possession Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding Other
Year Built 2008
Tenant Pays Electric Water Trash Sewer Gas
Township Kalamazoo City
Property Subtype 2 to 4 Units
Tax Year 2026
Ownership Private Owned
County Kalamazoo
New Construction N
Property Type Multi Family
Attached Garage N
MaintenanceExpense 2000.0
Status Active
Directions Michigan north to East on Fraternity Village Drive
City Kalamazoo
High School District Kalamazoo
Zoning Description RM-15 multi-fam
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 15246.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 18026.31
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 264291
Legal Description 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 2
Senior Community None
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Interior
Basement Full Walk-Out Access
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Basement
Total Baths 6
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Exterior
Parking Features Concrete Driveway Paved
Lot Features Sidewalk
Total Parking 11.0
Lot Size Area 0.35
Number of Buildings 1
Spa N
Lot Dimensions 94 x 175
Lot Size Acres 0.35
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1327
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* Excluded Features
List By
I-Vest Real Estate Group

Broker

pmsmgtllc@aol.com

Email

Affordability Calculator

$5,448
Per Month
72%
28%
0%
Monthly Principal & Interest
$3,946
Monthly Property Taxes
$1,502
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
251492 Elementary School
248593 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/25/2026$625,000 Listed Price

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1327 Fraternity Village Drive, Kalamazoo, MI, 49006 is a Multi-Family Home for sale at $625,000 with a lot size of 0.35. 1327 Fraternity Village Drive is a studio with 6.0 baths and was built in 2008. The property's zip code is 49006 which is in Kalamazoo, MI