70 N Lester Avenue
White Cloud, MI 49349
3.12 acres | #65024054434
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 Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected
- Sewer InformationPublicSewer, SewerAtStreet
- Utility SourcePublic, WateratStreet
- RoofComposition, Metal
- MLS #65024054434
- Property SubtypeMultiFamily
- MLS #65024054434
- School DistrictWhiteCloud
- Original List Price$2,720,000
- Parcel Number1132300039
- CoolingWallUnits
- Cooling FeaturesWallUnits
- CountyNewaygo
- Taxes Annual$27,425
- Cost2720000
- Parking FeaturesGarage
- Parking TypeGarage
- Acres3.12
- Year Built1980
- FoundationSlab
- Days on Market (Cumulative)190
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Shawn Jacobs (#65150004868769), Email: shawnj@workwithmoxie.com
Listing Office: MOXIE Real Estate + Development (#650008677242)
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