The Paddock Student Apartments - 5900 Copper Beech Blvd, Kalamazoo, MI 49009

Just West of 131 off of W Kl Avenue NAI Farbman is pleased to provide the opportunity to acquire the The Paddock. The property has a total of 256 (+/-) units for a total of 784 Beds. The property features include popular tenant amenities such as on-site management, a large clubhouse with gathering rooms, well-equipped fitness center, tanning booth, shuttle service to campus and more. The current owner has updated less than 20% of units. Updated units have shown an immediate return on investment. Completing unit updates will be easy upside for the next owner. Furthermore, adding more furnished units can result in higher revenue. There are added opportunities to reduce expenses as well, such as rethinking lower cost options for security, in-sourcing some maintenance duties, and more.