Kalamazoo Village
3840 S. Burdick St, Kalamazoo, MI 49001
GREA is pleased to present the exclusive offering of Kalamazoo Village Apartments, a 24-unit LIHTC community located in Kalamazoo, Michigan. The property features a desirable unit mix of two- and three-bedroom floorplans, with all units offering two full bathrooms, private entrances, in-unit washer and dryer, central air conditioning, and carport parking.
Originally placed in service in 2005, Kalamazoo Village Apartments has satisfied its initial compliance period and is currently operating within the extended use period. While affordability restrictions remain in place, in-place rents are approximately $100 below current maximum LIHTC limits, providing a clear path for revenue growth through mark-to-market increases as leases renew. Additionally, projected increases to 2026 LIHTC rent limits are expected to further enhance this upside.
Ownership has completed significant capital improvements, including roof replacements, new furnaces, and parking lot upgrades, positioning the asset as a stabilized, low-maintenance investment. Kalamazoo Village Apartments offers investors a compelling combination of durable cash flow, operational stability, and embedded rental upside. Over the long term, investors may also benefit from the eventual expiration of extended use restrictions, providing additional flexibility and value creation potential.
Key features
- All major capex has been completed including: New roofs, new furnaces, refinished parking lot
- Large Floorplans
- LIHTC Property - through initial compliance period - in extended use period
- Units Feature: Washer & dryer, private entrance, walk-in closets, en-suite master bath, forced air furnace with central air
Reach out to the broker for more info on lease terms and amenities
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Contacts
GREA
Building Details
- For Sale Contact for pricing
- Property Type Other
- Units 24
- Date Updated May 28, 2026
Getting Around
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Walk Score ®
Car-Dependent (28) -
Bike Score ®
Somewhat Bikeable (32)
Location
- City Kalamazoo, MI
- Zip Code 49001
Points of Interest
Speedway
0.48 miles
Meijer Gas
0.96 miles
Marathon
1.08 miles
Circle K
1.09 miles
Citgo
1.18 miles
ChargePoint
2.41 miles
Electrify America
2.74 miles
Student Parking
1.57 miles
Staff & Visitor Parking
1.60 miles
Staff Parking
1.63 miles
Kalamazoo/Portage - West Car Pool Lot
2.07 miles
Garden Entrance Parking
2.14 miles
Vine Street Ramp
2.15 miles
Jasper Street South Lot
2.17 miles
Parking Lot 103
2.18 miles
Hertz
1.57 miles
National
1.57 miles
Avis
1.57 miles
Sparkle Buggy
1.75 miles
Bunca Car Wash
2.68 miles
Enterprise
2.99 miles
Clean Getaway
3.90 miles
Xtreme Clean Auto Wash
4.76 miles
Gull Road Car Wash
5.12 miles
McDonald's
0.59 miles
Theo & Stacy's Restaurant
0.60 miles
Big Apple Bagels
0.61 miles
Qdoba
0.65 miles
Outback Steakhouse
0.65 miles
Jimmy John's
0.67 miles
Root Beer Stand
0.67 miles
Great Wall Express
0.68 miles
Little Caesars
0.69 miles
Meijer
0.81 miles
Harding's Friendly Market
1.56 miles
Dollar General Market
1.69 miles
Kohl's
1.79 miles
D&W Fresh Market
1.80 miles
TJ Maxx
1.84 miles
Fresh Thyme
1.91 miles
ALDI
1.91 miles
JCPenney
2.33 miles
ARFF Station
1.57 miles
Kalamazoo Department of Public Safety Station 6
1.90 miles
Kalamazoo Psychiatric Hospital
2.15 miles
Bronson Methodist Hospital
2.24 miles
Kalamazoo County Sheriff's Office
2.24 miles
Western Michigan University Unified Clinics
2.28 miles
Portage Fire Station #2
2.40 miles
CVS Pharmacy
2.48 miles
WMU Department of Safety
2.62 miles
3840 S. Burdick St Listing Summary
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What is the asking price at Kalamazoo Village?
The asking price for Kalamazoo Village is currently available on demand. Contact the listing broker for details.
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What is the total size of Kalamazoo Village?
Kalamazoo Village has a total of 25,920 square feet.
GREA
