2903 S Burdick St - Apartments FOR SALE


Kalamazoo, MI 49001- Westnedge Hill
$2,900,000 USD
989-980-7359
2903 S Burdick St, Kalamazoo, MI for Sale
$2,900,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

2903 S Burdick St
Kalamazoo, MI 49001
Westnedge Hill


HIGHLIGHTS

  • Value Add Opportunity
  • Upside in Rents
  • New Boilers and Many Capital Improvements

OVERVIEW

MOXIE is pleased to exclusively offer Ridgewood Apartments for sale. This well-maintained all brick 33 unit property boasts an attractive unit mix, consisting of a 25 unit and 8 unit building. Rents are low and should be increased to market. This could be a great opportunity for your next cost segregation study or 1031 exchange. Many capital improvements have been completed, featuring new boilers, unit renovations, and HW heaters. There are two additional parcels of land included in the sale, the buyer may be able to add additional units or parking with proper city approvals. Don't miss this great addition to your rental portfolio. To learn more or arrange a confidential tour, contact mxmulti@workwithmoxie.com.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

33

PRICE/UNIT

$87,879

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,285 SF

ZONING

RM15

APN/PARCEL ID

06-27-455-001

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.