Log In/Sign Up
Your email has been sent.
Ridgewood Apartments 2903 S Burdick St 33 Unit Apartment Building $3,964,126 CAD ($120,125 CAD/Unit) Kalamazoo, MI 49001
Investment Highlights
- Value Add Opportunity
- New Boilers and Many Capital Improvements
- Upside in Rents
Executive Summary
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.
Property Facts
| Price | $3,964,126 CAD | Building Class | C |
| Price Per Unit | $120,125 CAD | Lot Size | 2.46 AC |
| Sale Type | Investment | Building Size | 36,000 SF |
| No. Units | 33 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 4.87/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM15 - Residential Multi Dwelling | ||
| Price | $3,964,126 CAD |
| Price Per Unit | $120,125 CAD |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.46 AC |
| Building Size | 36,000 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 4.87/1,000 SF |
| Zoning | RM15 - Residential Multi Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,299 CAD | 675 |
| 2+1 | 28 | $1,299 CAD | 776 |
| 2+1 | 3 | $1,299 CAD | 834 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-27-455-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $986,180 CAD |
Property Taxes
Parcel Number
06-27-455-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$986,180 CAD
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Ridgewood Apartments | 2903 S Burdick St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.