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Listing provided courtesy of MOXIE Real Estate + Development- MLS# 26018237MLS Provider

2907 S Burdick StreetKalamazoo, MI 49001

Multi-Family · 2.10 Acres
$2,900,000 Active

2907 S Burdick Street Overview

Time on Site:
63 days
Visits:
8

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.

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2907 S Burdick Street Facts & Features

  • Type Multi-Family
  • Lot 2.10 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1964

Location/Region

  • County Or Parish: Kalamazoo

Rent/Lease Information

  • Tenant Pays: Electric

Tax Information

  • Tax Annual Amount: 50204.12

General Information

  • Parcel Number: 06-27-455-001
  • Property Sub Type: 5+ Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Parking Information

    • Parking Features: Asphalt,Driveway

    Lot Information

    • Lot Size Acres: 2.1
    • Lot Size Area: 2.1
    • Lot Size Dimensions: 0 x 0
    • Lot Size Square Feet: 91476.0
    • Lot Size Units: Acres

    Waterfront/View

    • Waterfront: No

    Building Exterior/Construction

    • Attached Garage: No
    • Construction Materials: Brick
    • Roof: Composition

    General Information

    • Number Of Units Total: 32
    • Sewer: Public Sewer
    • Utilities: Phone Available,Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected

    2907 S Burdick Street Neighborhood

    Community

    49001 (Kalamazoo) Demographics

    32
    Median Age
    2,805
    Population Density (per sq. mile)
    37%
    College Educated
    $46,124
    Estimated Median Income
    4,727
    Estimated Total Home Owners
    4,363
    Estimated Total Renters
    52% / 48%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    2907 S Burdick Street Monthly Cost

    $
    $ %
    %
    $
    $
    Eric Nowik
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    2907 S Burdick Street Market Data

    Based on the last 30 days in this zip code

    $185,061
    Average List Price
    $130
    Average Price per Square Foot
    18
    Properties Sold
    81
    Average Days on Market
    110
    Properties for Sale
    Calculations provided by Reliance Network