2826 S Burdick St - Apartments FOR SALE


Kalamazoo, MI 49001- Westnedge Hill
$1,550,000 USD
989-980-7359
2826 S Burdick St, Kalamazoo, MI for Sale
$1,550,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

2826 S Burdick St
Kalamazoo, MI 49001
Westnedge Hill


HIGHLIGHTS

  • Below Market Rents
  • Townhouse Style Units With Full Basements
  • Attractive Unit Mix

OVERVIEW

This well-maintained 16 unit property boasts an attractive unit mix with 8-2br units and 8-3br units, consisting of 4 - 4unit buildings. Rents are low and should be increased to market. All units are townhouse style with full basements and seperate mechanicals.  Buyers may also be able to add an additional bedroom in the basement with proper plans and approvals. This could be a great opportunity for your next cost segregation study or 1031 exchange. Many capital improvements have been completed, featuring many new furnaces and HW heaters. Don't miss this great addition to your rental portfolio.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

16

PRICE/UNIT

$96,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood Apartments - 16 Units

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

RM-15

APN/PARCEL ID

06-27-384-001

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.