2907 S Burdick Street
- Under Market Rents
- Value Add Opportunity
- New Boilers and Many Capital Improvements
Property 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].
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,900,000 |
| No. of Units: | 33 |
| Year Built: | 1964 |
| Lot Size: | 2.10 Acres |
| Opportunity Zone: | No |
| Price per unit: | $87,879 |
| Property Website | Click Here |
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