Berkshire Hathaway HomeServices MI
Listed by Berkshire Hathaway HomeServices MI
$1,500,000
1500 Fraternity Village Drive
Details
APN 06-20-355-017
Property Type Business for Sale
Sub Type Business Only, Other
Square Footage 8,772
Units 1
NOI $97,000
Year Built 1998
Buildings 1
Stories 3
Acreage 1.110
Business for Sale | 8,772 SqFt
Marketing description
This property has been leased to a sorority for the past 18 years and offers exceptional income potential. The residence features 16 bedrooms plus a dedicated house-mother suite, a commercial-grade kitchen, and on-site laundry facilities. Recent upgrades include a new roof and laminate flooring throughout. With its large capacity and institutional-grade amenities, this property is ideal for group housing, student living, or continued sorority/fraternity use. - See attached floor plan. Seller is a licensed Real Estate Broker in the State of Michigan.
Listing Contacts
Berkshire Hathaway HomeServices MI
Listed by Berkshire Hathaway HomeServices MI
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,000.00
$8,083.33/mo
Valuation Metrics
0
DSCR
6.47%
Cap Rate
6.47%
ROI
Map
Zoning
RM15 ResidentialMulti FamilyResidential Multi Dwelling
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View all 111 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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