70 N Lester Avenue, White Cloud, MI 49349
$2,200,000 - Sold
- MLS#: 24054434
- Number of Units: 32
- Type: 5+ Units
- School District: White Cloud
- County: Newaygo
- Taxing Authority: White Cloud City
- Year Built: 1980
- Basement: No
- Air: Wall Unit(s)
- Lot Size: 327 x 399
- Square Footage: 0
- Exterior: Vinyl Siding, Wood Siding
- Water: Public Water4
- Acreage: 3.12
- Heat: Hot Water/Natural Gas
- PPN: 11-32-300-039
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Public Sewer,Public Water
- Extras: Garages,Sep Electric Meter,Sep Gas Meter
- Lot Description:
- Frontage/Type: 327 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $2,720,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: North on 37. Turn left(W) on Pine Hill St, turn right (N) on Lester
- 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.
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