Cross Streets: Ridgewood & Cork
Property Sub-Type: 5+ Units
Area: Greater Kalamazoo - K
Municipality: Kalamazoo City
Auction or For Sale: For Sale
New Construction: No
Lot Dimensions: 260 x 560 (buyer to verify)
Road Frontage: 560
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 16
# of Diff Unit Floor Plans: 2
Total # Bldgs: 4
Total Parking Spaces: 32
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 75794
Lot Acres: 1.74
Year Built: 1961
Taxable Value: 513800
SEV: 513800
For Tax Year: 2024
Seller's Annual Property Tax: 18408.7
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: NK
Zoning: RM15
Tax ID #: 06-27-384-001
Public Remarks: This well-maintained 16 unit property boasts an attractive unit mix with 8-2br units and 8-3br units, consisting of 4 - 4unit buildings. Rents are low and should be increased to market. All units are townhouse style with full basements and seperate mechanicals. Buyers may also be able to add an additional bedroom in the basement with proper plans and approvals. This could be a great opportunity for your next cost segregation study or 1031 exchange. Many capital improvements have been completed, featuring many new furnaces and HW heaters. Don't miss this great addition to your rental portfolio.
Legal: G27-43-1 SEC 27-2-11 COM AT INTERSEC S LI RIDGEWOOD ST & N&S 1/4 LI SD SEC 27, SD PT OF INTERSEC ALSO BEING CEN LI S BURDICK ST, TH S 0DEG 14MIN W 255.5FT, TH N 89DEG 15MIN W 329.56FT TO E LI BELMONT PLAT, TH N ALG SD E LI TO S LI RIDGEWOOD ST, TH E ALG SD S LI TO PL OF BEG. EXC E 33FT FOR STREET PURPOSES.
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Accessibility Features: No
Full: 1
Michigan Basement: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit Description: #7 Ridgewood
SqFt: 806
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: #9 Ridgewood
SqFt: 986
Occupied: No
Monthly Rent: 0
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit Description: #11 Ridgewood
SqFt: 1200
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit Description: #13 Ridgewood
SqFt: 806
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: #23 Ridgewood
SqFt: 806
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: #25 Ridgewood
SqFt: 986
Occupied: Yes
Monthly Rent: 950
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit Description: #27 Ridgewood
SqFt: 986
Occupied: Yes
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Monthly Rent: 950
Unit Description: #29 Ridgewood
SqFt: 806
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: #2822 Burdick
SqFt: 806
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: #2824 Burdick
SqFt: 986
Occupied: No
Monthly Rent: 0
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit Description: #2826 Burdick
SqFt: 806
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: #2830 Burdick
SqFt: 806
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
County: Kalamazoo
Street #: 2826
Street Direction: S
Street Name: Burdick
Suffix: Street
State: MI
Zip Code: 49001
Zip (4): 3769
Status: Sold
Current Price: $1,400,000
List Price: $1,550,000
Listing Date: 2025-08-11
Directions: Cork St East to S Burdick, North to property, property is on the left.
Under Contract Date: 2025-11-04
Sold Date: 2025-12-17
Sold Price: $1,400,000
Laundry Features: In Basement
Exterior Material: Brick; Other
Roofing: Composition
Substructure: Full; Michigan Basement
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; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Asphalt
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None