40
See all 40 photos
$2,620,000
Est. payment /mo
3.12 Acres Lot
Price Dropped by $100K
70 N Lester Avenue White Cloud, MI 49349
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70436879
Year Built 1980
Annual Tax Amount $27,425
Tax Year 2023
Lot Size 3.120 Acres
Acres 3.12
Lot Dimensions 327 x 399
Property Sub-Type Multi-Family
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 (62030)
Zoning Commercial
Interior
Heating Hot Water
Exterior
Exterior Feature Vinyl Siding, Wood
Parking Features Additional Garage(s)
Building
Foundation Slab
Structure Type Vinyl Siding,Wood
Schools
School District White Cloud Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by MOXIE Real Estate + Development