70 N Lester Avenue
White Cloud, MI, 49349
$2,720,000
Beds
0 Baths
0 SqFt
3.12 Acres
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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.

Property Details

Price:
$2,720,000
MLS #:
24054434
Status:
Active
Beds:
0
Baths:
0
Address:
70 N Lester Avenue
Type:
Single Family
Subtype:
5+ Units
City:
White Cloud
Listed Date:
Oct 16, 2024
State:
MI
ZIP:
49349
Lot Size:
135,817 sqft / 3.12 acres (approx)
Year Built:
1980
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Schools

School District:
White Cloud

Interior

Cooling
Wall Unit(s)
Fireplaces Total
2
Heating
Hot Water
Laundry Features
Common Area

Exterior

Construction Materials
Vinyl Siding, Wood Siding
Parking Spots
40
Roof
Composition, Metal

Financial

Tax Year
2022
Taxes
$27,425

Map

Community

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70 N Lester Avenue
White Cloud, MI