#66025008261, Adam Atwood, Listing Office: Five Star Real Estate
1327-1329 Fraternity Village Dr Kalamazoo, MI 49006
Property details
About 1327-1329 Fraternity Village Dr
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 allutilities. 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.
Highlights
Virtual tour
Summary
- Basement: Yes
- Interior: Storage
- Parking: Concrete, Garage
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $549,000
- Directions: Howard 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
- Year Built: 2008
- Lot Size: 0.35 Acres
- MLS Number: 66025017356
- MLS Name: Greater Kalamazoo Association of REALTORS
- Office Name: Five Star Real Estate
- Office Phone: (269) 377-4589
- Listing Agent: Adam Atwood
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Last updated on: 5/2/2025, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$549,000
1327-1329 Fraternity Village Dr
$6,519
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Price information
Property sales
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Nearby schools
3
Arcadia Elementary School
Public District PK-5
0.7 mi
•932 Boswell Ln
5
Winchell Elementary School
Public District PK-5
0.7 mi
•2316 Winchell Ave
4
Woods Lake Elementary School
Public Magnet KG-5
1.3 mi
•3215 Oakland Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,602. The most common annual income of people living in Kalamazoo, MI is less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
Similar homes for sale
This home is located at 1327-1329 Fraternity Village Dr in Kalamazoo, MI and zip code 49006 in the Knollwood neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 24, 2025 and is currently priced at $549,000.
Kalamazoo, MI housing market in April 2025 saw over 38 listings sold above listed price, more than 27 sold at listed price and over 44 sold below. The number of homes for sale in Kalamazoo, MI increased by 14% between March and April 2025. While the average time on the market in April 2025 was 32 days, the median list price was $234,765.