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$2,620,000

Est. payment - /mo

4 Beds

3.12 Acres Lot

Price Dropped by $100K

70 N Lester Avenue White Cloud, MI 49349

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Samantha Hillery

[email protected] +1(248) 917-6460

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024054434

Bedrooms 4

Year Built 1980

Annual Tax Amount $27,425

Lot Size 3.120 Acres

Acres 3.12

Lot Dimensions 327 x 399

Source Greater Regional Alliance of REALTORS®

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

Roof Type Composition,Metal

Garage no

Building

Foundation Slab

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

Water Public (Municipal)

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

Virtual Tour https://youtube.com/shorts/dJldLsyA7cg?si=UAlMoyz4FdlVHFdq width=560 height=315 frameborder=0 allow=accelerometer;autoplay;clipboard-write;encrypted-media;gyroscope;picture-in-picture allowfullscreen

Listed by Shawn Jacobs of MOXIE Real Estate + Development

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Samantha Hillery

Founder/Realtor | License ID: 6501419544

+1(248) 917-6460

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70 N Lester Avenue White Cloud, MI 49349

Samantha Hillery

Key Details

Location

Interior

Exterior

Building

Schools

Others

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70 N Lester Avenue