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: 8 Days On Site: 68

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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

    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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    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.