70 N Lester Avenue Active Save Request In-Person Tour Request Virtual Tour
White Cloud,MI 49349
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65024054434
Bedrooms 4
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1980
Annual Tax Amount $27,425
Lot Size 3.120 Acres
Acres 3.12
Lot Dimensions 327 x 399
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),Water at Street
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