$2,900,000
Kalamazoo, MI 49001
MLS# 26018237
1 / 12
Property Description
MOXIE is pleased to exclusively offer Ridgewood Apartments for sale. This well-maintained all brick 32 unit property boasts an attractive unit mix, consisting of a 24 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.
Details
Maps
Location & Property Info
Cross Streets: Ridgewood & Cork
Property Sub-Type: 5+ Units
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 0 x 0
Road Frontage: 0
Cert of Compliance: No
Waterfront: No
Basement: No
Total # Units: 32
# of Diff Unit Floor Plans: 1
Total # Bldgs: 2
Total Parking Spaces: 40
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 91476
Lot Acres: 2.1
Year Built: 1964
Tax Info
Taxable Value: 726200
SEV: 726200
For Tax Year: 2025
Seller's Annual Property Tax: 50204.12
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NK
Zoning: RM15
Tax ID #: 06-27-455-001
Remarks & Misc
Public Remarks: MOXIE is pleased to exclusively offer Ridgewood Apartments for sale. This well-maintained all brick 32 unit property boasts an attractive unit mix, consisting of a 24 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.
Legal: 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
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Conventional: 1
Exterior Material
Brick: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Hot Water: 1
Radiant: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Asphalt: 1
Substructure
Other: 1
Extras
Carports: 1
Sep Electric Meter: 1
Owner Pays
Gas: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: 2833 - A
SqFt: 776
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2833 - B
SqFt: 776
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 2833 - C
SqFt: 776
Occupied: Yes
Monthly Rent: 895
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: 2833 - D
SqFt: 776
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: 2835 - A
SqFt: 675
Occupied: No
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 6
Unit Description: 2835 - B
SqFt: 776
Occupied: Yes
Monthly Rent: 895
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 7
Unit Description: 2835 - C
SqFt: 776
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Monthly Rent: 950
Unit 8
Unit #: 8
Unit Description: 2835 - D
SqFt: 776
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 9
Unit #: 9
Unit Description: 2837 - A
SqFt: 776
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 10
Unit #: 10
Unit Description: 2837 - B
SqFt: 776
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 11
Unit #: 11
Unit Description: 2837 - C
SqFt: 776
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 12
Unit #: 12
Unit Description: 2837 - D
SqFt: 776
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kalamazoo
Street #: 2907
Street Direction: S
Street Name: Burdick
Suffix: Street
State: MI
Zip Code: 49001
Zip (4): 3762
OfficeContract Info
Status: Active
Current Price: $2,900,000
List Price: $2,900,000
Listing Date: 2026-04-27
Remarks Misc
Directions: Cork St East to S Burdick, North to property, property is on the left.
Property Features
Exterior Material: Brick
Roofing: Composition
Substructure: Other
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Carports; Sep Electric Meter
Owner Pays: Gas; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Hot Water; Radiant
Air Conditioning: Wall Unit(s)
Driveway: Asphalt
Terms Available: Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: MOXIE Real Estate + Development
Listing Agent: Shawn Jacobs
Last Updated: April - 29 - 2026
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