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.
80 days
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267
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20
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Zillow last checked:
Listing updated:
Listed by:
Shawn Jacobs989-980-7359,
MOXIE Real Estate + Development616-890-7794
Source: MichRIC,MLS#: 26018237
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 23
Bathrooms: 12
Heating
Hot Water, Radiant
Cooling
Wall Unit(s)
Features
Basement: Other
Interior area
Total interior livable area: 9,211 sqft
Property
Parking
Total spaces: 75
Parking features: Asphalt, Driveway
Lot
Size: 2.1 Acres
Details
Parcel number: 0627455001
Zoning description: RM15
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Units
Materials
Brick
Roof: Composition
Condition
New construction: No
Year built: 1964
Utilities & green energy
Sewer: Public Sewer
Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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