Listed by MOXIE
$2,900,000
Ridgewood Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,000
Units 33
Tenancy Multi
Price per SqFt $81
Year Built 1964
Buildings 2
Acreage 2.100
Zoning RM15
Investment Type Value Add
Kalamazoo Multifamily | 33 Units
Marketing description
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 [email protected].
Investment highlights
- Under Market Rents
- Value Add Opportunity
- New Boilers and Many Capital Improvements
Listing Contacts
Listed by MOXIE
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