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

For Sale

Multi-Family

For Sale

This property is available for sale
34.79
Acres
Negotiable
Sale Price
  • Year Built
    2006
  • Total Building Size
    446,480 RSF
  • Overview

    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.

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Property Details

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.

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    2006
  • Total Building Size
    446,480RSF
  • Total Acres
    34.79
  • Sale Status
    Available
  • Property ID
    2058386

Landlord's Sales Representative

  • Todd Szymczak
    NAI Farbman