$2,720,000
70 N Lester Avenue
White Cloud, MI, 49349
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
Price:
$2,720,000
MLS #:
24054434
Status:
Active
Beds:
0
Baths:
0
Address:
70 N Lester Avenue
Type:
Single Family
Subtype:
5+ Units
City:
White Cloud
Listed Date:
Oct 16, 2024
State:
MI
ZIP:
49349
Lot Size:
135,817 sqft / 3.12 acres (approx)
Year Built:
1980
Schools
School District:
White Cloud
Interior
Cooling
Wall Unit(s)
Fireplaces Total
2
Heating
Hot Water
Laundry Features
Common Area
Exterior
Construction Materials
Vinyl Siding, Wood Siding
Parking Spots
40
Roof
Composition, Metal
Financial
Tax Year
2022
Taxes
$27,425
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70 N Lester Avenue
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