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All-Brick Multifamily Apartment Building
For Sale
$2,900,000

2907 S Burdick Street Kalamazoo, Kalamazoo, MI 49001

33-unit all-brick multifamily property with separate 25-unit and 8-unit buildings and recently completed capital improvements.

Property SizeContact for details
Days on Market109

Property Features for 2907 S Burdick Street Kalamazoo

General Information

Standard status Active
Total Parking Spaces 75
Property subtype Multi Family
Zoning RM15

Additional Details

Multifamily Units 33

Taxes and HOA fees

Annual Taxes $50,204

Amenities

Other
Yes
No
2.1
75.0
Asphalt,Driveway
2

Building Details

Year Built 1964
Buildings 2
Listing Agency: MOXIE Real Estate + Development
Listed By: Jennifer Homan · License #6501370018
Source: Remax-executive
Added: May 8 Changed: Aug 24 Last Checked: Aug 21 at 4:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MOXIE Real Estate + Development

Investment Insights

Based on property information with market context.

Ridgewood Apartments is a well-maintained all-brick multifamily property offering 33 total units in two buildings: a 25-unit building and an 8-unit building. The property includes multiple recent capital improvements, including new boilers, unit renovations, and hot water (HW) heaters.

The sale also includes two additional parcels of land. With proper city approvals, the additional land may allow for expansion opportunities such as adding units or parking.

The property presents an apartment-income configuration supported by the existing unit mix and completed mechanical and interior improvements.

Key Highlights

  • All‑brick 33‑unit multifamily property built in 1964 with two separate buildings: 25 units and 8 units
  • Unit mix includes 25‑unit and 8‑unit building configurations
  • Capital improvements include new boilers, unit renovations, and hot water (HW) heaters

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

33
Residential units

Location Intelligence

Trade Area within ½ mile

479
Businesses Nearby

Demographics for 49001, MI

21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 33-unit all-brick multifamily property with separate 25-unit and 8-unit buildings and recently completed capital improvements.
Where is this apartment building located?
The property is located at 2907 S Burdick Street Kalamazoo Kalamazoo, MI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: All‑brick 33‑unit multifamily property built in 1964 with two separate buildings: 25 units and 8 units; Unit mix includes 25‑unit and 8‑unit building configurations; Capital improvements include new boilers, unit renovations, and hot water (HW) heaters
More about this property
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