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- LoopNet Team
313-325 N Burdick St
Kalamazoo, MI 49007
Multifamily Property For Sale
·
29,326 SF
INVESTMENT HIGHLIGHTS
- Highly Desirable Downtown Kalamazoo Apartment Building in a Qualified Opportunity Zone
- Rents are on an upward trajectory as units are in high demand
- Lots of Recent Updates
PROPERTY FACTS
| Property Type | Multifamily | Building Size | 29,326 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Building Class | C | Year Built | 1904 |
| Lot Size | 0.16 AC | Parking Ratio | 0.82/1,000 SF |
| Construction Status | Converted | ||
| Zoning | CCBD | ||
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Construction Status | Converted |
| Building Size | 29,326 SF |
| No. Stories | 3 |
| Year Built | 1904 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | CCBD |
ABOUT 313-325 N BURDICK ST , KALAMAZOO, MI 49007
The Old Towne Building is for sale. 12 unique apartments and 12,000 square feet of office/commercial space in the very desirable Downtown Kalamazoo Central Business District. See attached Documents for Floor Plans, Current Rent Roll and Operating Statements. Apartments are Fully Leased through July 20, 2020 and Finished Office Space is fully occupied. 4,500 square feet of basement space still unfinished that could add value via future expansion. Total Gross Monthly Potential Rent is $14,969.08. Units are in excellent condition. Shared Coin Operated Laundry, Shared Exterior Sun Deck. Apartments pay all separate utilities. Office Tenants Utilities Included. Offices have Central Air Conditioning. This location qualifies as a Qualified Opportunity Zone. Please Visit www.OldTowneBuilding.
PROPERTY TAXES
| Parcel Number | 06-15-336-106 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $380,800 |
PROPERTY TAXES
