Skip to main content

Multifamily

Oakhurst Apartments

4033 S Rose St, Kalamazoo, MI 49001

Listing Price: $1,995,000

Cap Rate
7.00%
Number of Units
24
GRM
7.15
Price/Unit
$83,125

Investment Overview

Marcus & Millichap is pleased to offer the Oakhurst Apartments, a
24-unit property comprised of three buildings situated in Kalamazoo,
Michigan. Nestled on 1.06 acres of land, this well-maintained
complex offers a favorable unit mix of four one-bedroom and twenty
two-bedroom apartments. The majority of units have undergone
renovations within the past five years. Additional amenities such as
balconies or patios, on-site laundry facilities, and covered car ports
enhance the appeal of these apartments. Kalamazoo, located in
southwest Michigan, boasts a thriving local economy, a robust rental
market, consistent population growth, and esteemed educational
institutions such as Western Michigan University. Notably,
Kalamazoo is renowned for the "Kalamazoo Promise", a program that
pledges up to 100%tuition and fee coverage at public in-state
community colleges or universities for eligible graduates of
Kalamazoo Public Schools.

Investment Highlights

  • Spacious 1-bed & 2-bed units with on site laundry
  • Value add opportunity by raising below market rents
  • Ample parking with carports available

Exclusively Listed By

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Multifamily

Oakhurst Apartments

Listing Price: $1,995,000

Cap Rate
7.00%
Number of Units
24
GRM
7.15
Price/Unit
$83,125

Investment Highlights

  • Spacious 1-bed & 2-bed units with on site laundry
  • Value add opportunity by raising below market rents
  • Ample parking with carports available

Investment Overview

Marcus & Millichap is pleased to offer the Oakhurst Apartments, a 24-unit property comprised of three buildings situated in Kalamazoo, Michigan. Nestled on 1.06 acres of land, this well-maintained complex offers a favorable unit mix of four one-bedroom and twenty two-bedroom apartments. The majority of units have undergone renovations within the past five years. Additional amenities such as balconies or patios, on-site laundry facilities, and covered car ports enhance the appeal of these apartments. Kalamazoo, located in southwest Michigan, boasts a thriving local economy, a robust rental market, consistent population growth, and esteemed educational institutions such as Western Michigan University. Notably, Kalamazoo is renowned for the "Kalamazoo Promise", a program that pledges up to 100%tuition and fee coverage at public in-state community colleges or universities for eligible graduates of Kalamazoo Public Schools.

Exclusively Listed By

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

MM Texture Background
MM Textured Background Lower