70 N Lester Avenue $2,720,000

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    70 N Lester Avenue White Cloud, MI 49349

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 24054434
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    Views: 2 Days On Site: 30

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    Property Details

    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.

    • General Features
      • Year Built 1980
      • Property Sub Type 5+ Units
      • County Or Parish Newaygo
      • New Construction Y/N false
      • Tax Annual Amount 27425.33
    • Building Features
      • Cooling Wall Unit(s)
      • Cooling Yn true
      • Construction Materials Wood Siding
      • Heating Hot Water
      • Heating Y/N true
      • Number Of Units Total 32
      • Roof Composition, Metal
      • Bathrooms 0
      • Basement Slab
      • Parking Total 40.0
    • Property Features
      • Number Of Buildings 2
      • Lot Size Area 3.12
      • Lot Size Acres 3.12
      • Utilities Natural Gas Connected
      • Waterfront Y/N false
    • Schools
      • High School District White Cloud

    Neighborhood

    49349 (White Cloud) Demographics

    46 Median Age
    38 Population Density (per sq. mile)
    19% College Educated
    $42,270 Estimated Median Income
    2,527 Estimated Total Home Owners
    491 Estimated Total Renters
    84% / 16% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,429 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $215,500 Median Sales Price
    24 Homes Sold
    14 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,720,000
        10/15/2024 11:14:00 PM New in Database Source: Multiple Listing Service New Value: $2,720,000

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        Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 11/14/2024 5:14:53 PM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.