Midway Apartments

$2,050,000.00Price

Marcus & Millichap is pleased to present this multifamily real estate opportunity of 9115-21 North Main Street and 9044-64 Kephart Lane, commonly known as Midway Apartments, in the village of Berrien Springs, Michigan. The subject property consists of eight adjacent buildings with a unit mix of 24, one-bedroom/one-bathroom and 24, two-bedroom/one-bathroom units that measure 600- and 800-square feet respectively. 9115-9121 North Main Street buildings contain all of the one-bedroom one-bathroom units, and are heated by electric baseboard heat. Tenants are responsible for electric and the landlord is responsible for water. 9044-64 Kephart Lane buildings contain all of the two-bedroom one-bathroom units, and are heated with hot water baseboard heat paid for by landlord.

The subject property is centrally located within the village of Berrien Springs and is located 61.5 miles southwest of Kalamazoo, 10.2 miles south of the I-94 Expressway, and 2.1 miles south of US Route 31.

Berrien Springs, Michigan is best known for Andrews University, a private, four-year undergraduate and graduate university with a total enrollment of 3,366 students annually. Berrien Springs is also home to just over 1,700 permanent residents. The town is located on the St. Joseph River, a 206 mile long tributary of Lake Michigan flowing through Southern Michigan and Northern Indiana.

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