70 N Lester Avenue

White Cloud, Michigan 49349

  • 10 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 3.12
    Acres(Lot)
$2,620,000

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.

  • Property Type

    Multifamily

  • County

    Newaygo

  • Style

    Multifamily

  • AD ID

    47177139

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Property Details

  • Interior Features

    • Laundry Facility
    • Roof : Composition,Metal

    Heating & Cooling

    • Cooling: Wall Unit(s)
    • Heating: Hot Water
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1980
    • Total Units: 32
    • Roof: Composition,Metal
    • Foundation/Basement: Slab

    Utility Features

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

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 3.12
    • Dimensions: 327 x 399

    Property Information

    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $2,720,000

    Listing Information

    • Possession: At Close
    • Legal Description: PT SW1/4 COM N 0 DEG 34 MIN 17 SEC E 341.28 FT FROM SW SEC COR TH N 0 DEG 34 MIN 17 SEC E 327.1 FT TH N 89 DEG 33 MIN 6 SEC E 399.07 FT TH S 0 DEG 28 MIN 37 SEC W 327.1 FT S 89 DEG 33 MIN 6 SEC W 399.61 FT TO POB SEC 32 T14N R12W CITY OF WHITE CLOUD

  • Tax Information

    • Annual Tax: $27,425
    • Parcel Number: 1132300039

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: PT SW1/4 COM N 0 DEG 34 MIN 17 SEC E 341.28 FT FROM SW SEC COR TH N 0 DEG 34 MIN 17 SEC E 327.1 FT TH N 89 DEG 33 MIN 6 SEC E 399.07 FT TH S 0 DEG 28 MIN 37 SEC W 327.1 FT S 89 DEG 33 MIN 6 SEC W 399.61 FT TO POB SEC 32 T14N R12W CITY OF WHITE CLOUD

  • Virtual Tour

    Parking Information

    • Parking: 40

    Unit 1 Information

    • # of Bedrooms: 1

    Unit 2 Information

    • # of Bedrooms: 1

    Unit 3 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 05/10/2025 @ 09:46

  • MLS: 616710018
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 10 bedrooms which is for sale, it has 0 sqft, 3 sized lot, and Garage parking. are nearby neighborhoods.