Kalamazoo, MI 49006 1327-1329 Fraternity Village Drive
$549,000



20 more





















Presented By: Adam Atwood at Five Star Real Estate - (269) 377-4589
Home Details
Located just minutes from the Western Michigan University campus, this fully leased duplex is a turn-key investment opportunity in one of Kalamazoo's most sought-after student rental markets. The property features two spacious units with a total of eleven bedrooms and six full bathrooms.
Unit 1327 offers five bedrooms and three full bathrooms, along with in-unit laundry and four garage stalls, each equipped with automatic openers. Unit 1329 includes six bedrooms and three full bathrooms, also with in-unit laundry and five garage stalls with openers. Both units are thoughtfully designed for student living with ample space, modern conveniences, and private access to parking.
The entire property is currently fully occupied at $525 per bedroom, with tenants responsible for all utilities. This ensures strong, consistent rental income and low operating expenses. With its unbeatable location, generous bedroom count, and excellent amenities, this duplex is a high-performing asset ideal for investors seeking reliable cash flow in a competitive student housing market.
For more information or to schedule a private showing, reach out today. Opportunities like this don't come around often.
Presented By: Adam Atwood at Five Star Real Estate - (269) 377-4589
Interior Features for 1327-1329 Fraternity Village Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementFull
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesIn Basement, In Unit
Total Fireplaces1
General for 1327-1329 Fraternity Village Drive
Accessibility36 Inch Entrance Doo
Additional Parcels Y/NNo
Attached Garage No
CityKalamazoo
Construction MaterialsConcrete, Vinyl Siding
CoolingCentral Air
CountyKalamazoo
DirectionsHoward St to Michigan Ave, west on Michigan Ave to Fraternity Village, south on Fraternity Village to red bldg on the left ***or*** Drake Rd to KL Ave, west on KL
Electric On Property Y/NNo
HeatingForced Air
High School DistrictKalamazoo
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionFRATERNITY 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
Listing TermsCash, Conventional
Lot Size Square Feet15246.0
Lot Size UnitsAcres
MLS AreaGreater Kalamazoo - K
MLS Area MinorGreater Kalamazoo - K
MobileHomeRemainsYNNo
ModificationTimestamp2025-05-10T21:52:53Z
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
OwnerPaysNone
PossessionSubject To Tenant Rights
Property Subtype2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
Standard StatusActive
StatusActive
Tax Annual Amount17275.34
Tax Assessed Value257343
Tax Year2025
Tenant PaysTrash, Sewer, Gas
TownshipKalamazoo City
UtilitiesPhone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Virtual TourClick here
Year Built2008
Exterior for 1327-1329 Fraternity Village Drive
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions94x175 Irregular
Lot Size Acres0.35
Lot Size Area0.35
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesConcrete, Driveway
Road Surface TypePaved
SpaNo
Total Parking18.0
Waterfront Y/NNo
Additional Details
Price History

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