70 N Lester Avenue, White Cloud, MI 49349
- $2,200,000
- Sold Price
- $2,200,000
- List Price
- $2,620,000
- Closing Date
- Oct 15, 2025
- Days on Market
- 288
- MLS#
- 24054434
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- West Central - W
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.
Additional Information
- Owner Pays
- Trash Collection, Water, Sewer
- Taxes
- $27,425
- Acres
- 3.12
- Basement
- Slab
- Heating
- Hot Water
- Roofing
- Composition, Metal
- School District
- White Cloud
- Sewer
- Public Sewer
- Tenant Pays
- Electric, Gas
- Total Parking Spaces
- 40
- Utilities
- Natural Gas Connected, Electricity Connected
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Listing courtesy of Listing Agent: Shawn Jacobs from Listing Office: MOXIE Real Estate + Development.
Selling Agent: Selling Office: .
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