70 N Lester Avenue, White Cloud, MI 49349 (MLS # 24054434)

PRICE	$2,720,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	3.12 ac

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.

DAYS ON MARKET	49	LAST UPDATED	10/15/2024
YEAR BUILT	1980	COMMUNITY	West Central - W
COUNTY	Newaygo	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	Wall Unit(s)
AIR CONDITIONING	Yes
AREA	West Central - W
CONSTRUCTION	Vinyl Siding, Wood Siding
FIREPLACE	Yes
HEAT	Hot Water, Natural Gas
LOT	3.12 acre(s)
LOT DIMENSIONS	327 x 399
SEWER	Public Sewer
TAXES	27425.33
UTILITIES	Natural Gas Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available
ZONING	201 Commercial

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Listing provided by MOXIE Real Estate + Development, Shawn Jacobs

Updated 12/3/24 9:20 AM PST

Information Deemed Reliable But Not Guaranteed.

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