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70 N Lester Avenue White Cloud, MI 49349
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Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality White Cloud City
MLS Listing ID 24054434
Sold Date 10/15/25
Year Built 1980
Annual Tax Amount $27,425
Tax Year 2022
Lot Size 3.118 Acres
Acres 3.12
Lot Dimensions 327 x 399
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
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 West Central - W
Direction North on 37. Turn left(W) on Pine Hill St, turn right (N) on Lester
Rooms
Basement Slab
Interior
Heating Hot Water
Cooling Wall Unit(s)
Laundry Common Area
Exterior
Utilities Available Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition,Metal
Total Parking Spaces 40
Building
Sewer Public Sewer
Structure Type Vinyl Siding,Wood Siding
New Construction No
Schools
School District White Cloud
Others
Tax ID 11-32-300-039
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Bought with Greenridge Realty (Ionia)
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