NAI Farbman is pleased to provide the opportunity to acquire 1619 & 1625 Fraternity Village Dr, a 20-unit (20 bed) Student Housing investment located in Kalamazoo, Michigan. The buildings are positioned in the Knollwood neighborhood, a sought-after area for students attending Western Michigan University and Kalamazoo College. The subject property features two 10-unit buildings, each consisting of eight one-bedroom and two studio units. Studio and one-bedroom units have outperformed 2+ bedroom units in this market as students have gravitated away from shared spaces following Covid-19. The 1619 building is leased to students by the bed and all leases are co-signed by a guarantor. 90% of the units in the 1619 building are renovated with new appliances and low-maintenance finishes. The newly renovated units and walkable location to campus led to a strong leasing season for the current school year, achieving 100% occupancy, and rent increases are achievable for next academic year. A new owner may increase revenue by finishing the buildout of two studio units on the ground floor, which is currently unused space. The 1625 building is master leased to a fraternity, Alpha Sigma Phi, through the 2026-27 School Year with annual rent increases present. The two buildings share a parking lot with ample parking for each tenant to have a vehicle. The property has a private fenced-in backyard equipped with firepits. There is a 2% Co-Op Broker fee.