1327 Fraternity Village Dr Kalamazoo, MI 49006
Knollwood NeighborhoodEstimated payment $3,601/month
Highlights
- 0.35 Acre Lot
- Forced Air Heating and Cooling System
- Doors are 36 inches wide or more
- 1 Fireplace
- 18 Car Garage
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2008
Home Design
- Composition Roof
- Concrete Siding
- Vinyl Siding
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 18 Car Garage
- Driveway
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Shared Gas Meter
- Separate Water Meter
- Shared Water Meter
- Cable TV Available
Additional Features
- 1 Fireplace
- Doors are 36 inches wide or more
- 0.35 Acre Lot
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,159 | $291,200 | $0 | $0 |
| 2024 | $7,159 | $272,900 | $0 | $0 |
| 2023 | $6,823 | $247,500 | $0 | $0 |
| 2022 | $15,668 | $226,400 | $0 | $0 |
| 2021 | $11,166 | $217,200 | $0 | $0 |
| 2020 | $10,955 | $216,400 | $0 | $0 |
| 2019 | $10,550 | $219,200 | $0 | $0 |
| 2018 | $10,307 | $189,500 | $0 | $0 |
| 2017 | $10,396 | $179,900 | $0 | $0 |
| 2016 | $10,396 | $178,800 | $0 | $0 |
| 2015 | $10,396 | $164,200 | $0 | $0 |
| 2014 | $10,396 | $153,900 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $544,000 | -0.9% | -- |
| 05/10/2025 05/10/25 | For Sale | $549,000 | 0.0% | -- |
| 05/02/2025 05/02/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | For Sale | $549,000 | +20.7% | -- |
| 03/05/2021 03/05/21 | Sold | $455,000 | -6.2% | -- |
| 02/04/2021 02/04/21 | Pending | -- | -- | -- |
| 01/21/2021 01/21/21 | For Sale | $485,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $455,000 | Chicago Title Of Mi Inc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $101,850 | Devon Title | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $320,000 | Purchase Money Mortgage |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25017356
APN: 06-20-321-012
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Information is deemed reliable but not guaranteed.
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