MI > White Cloud
White Cloud, MI 49349,70 N Lester Avenue
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White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
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Sandi Smith

Sandi Smith

Trillium Real Estate

+1(734) 216-6414
$ 2,720,000
Est. payment /mo
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Active

70 N Lester Avenue White Cloud, MI 49349

3.12 Acres Lot

UPDATED:

10/31/2024 06:00 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality White Cloud City

MLS Listing ID 24054434

Year Built 1980

Annual Tax Amount $27,425

Tax Year 2022

Lot Size 3.118 Acres

Acres 3.12

Lot Dimensions 327 x 399

Property Description

32 unit apartment building in a growing submarket, with an attractive unit mix. There is coin-operated laundry and storage units, in each building. The electrical and gas are individually metered. Rents are below market. Value add opportunity to increase rents to market as leases expire. This could be a great opportunity for your next cost segregation study or 1031 exchange. Many capital improvements have been completed, some renovations completed are: common area updates, roof and gutters, exterior doors, appliances, unit renovations, parking lot repairs and much more.

Location

State MI

County Newaygo

Area West Central - W

Direction North on 37. Turn left(W) on Pine Hill St, turn right (N) on Lester

Rooms

Basement Slab

Interior

Heating Hot Water

Cooling Wall Unit(s)

Fireplaces Number 2

Laundry Common Area

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

Waterfront No

View Y/N No

Roof Type Composition,Metal

Total Parking Spaces 40

Building

Sewer Public Sewer

Structure Type Vinyl Siding,Wood Siding

New Construction No

Schools

School District White Cloud

Others

Tax ID 11-32-300-039

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by MOXIE Real Estate + Development