MLS # 26018237 (Michigan Regional Information Center (MichRIC))

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.
Source: SparkMLS
Asking $2,900,000.
Estimated annual property tax: $50,204, or about $4,184 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
G27-23-1&22-2 SEC 27-2-11 BEG ON N&S 1/4 LI SEC 27 AT A PT 1664.2 FT S OF C 1/4 POST TH S ALG SD 1/4 LI 182.25 FT TH E 233 FT TH S 88 FT TH W 233 FT TO N&S 1/4 LI SD SEC TH S ON SD 1/4 LI 106.36 FT TO A PT 648.6 FT N OF S 1/4 POST SD SEC TH N 84 DEG 30 MIN E TO WLY LI ROW OF NYC RR -FORMERLY LS & MS RR- TH N 12 DEG 30 MIN W ALG SD R-O-W TO A PT 1540.45 FT S & 267.87 FT E OF C 1/4 POST SD SEC TH W
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Shawn Jacobs
MOXIE Real Estate + Development
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
2907 S Burdick Street, Kalamazoo, MI 49001
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Municipality
Kalamazoo
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