70 N Lester Avenue, White Cloud, MI 49349 - MLS#65024054434

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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 2,720,000

Est. payment -/mo

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Active

70 N Lester Avenue White Cloud, MI 49349

4 Beds

3.12 Acres Lot

UPDATED:

10/31/2024 06:34 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024054434

Bedrooms 4

Originating Board Greater Regional Alliance of REALTORS�

Year Built 1980

Annual Tax Amount $27,425

Lot Size 3.120 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 White Cloud

Zoning Commercial

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

Interior

Interior Features Laundry Facility

Heating Hot Water

Cooling Wall Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 40.0

Waterfront no

Roof Type Composition,Metal

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Vinyl,Wood

Schools

School District White Cloud

Others

Pets Allowed Yes

Tax ID 1132300039

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Shawn Jacobs of MOXIE Real Estate + Development

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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