MI > White Cloud > Mi
White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
White Cloud, MI 49349,70 N Lester Avenue
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Jackie Jones Kapuscinski

Jackie Jones Kapuscinski

+1(419) 260-2806
$ 2,720,000
Est. payment | /mo

3.12 Acres Lot

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$ 2,720,000
Est. payment | /mo
Save

3.12 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Mi

MLS Listing ID 70436879

Year Built 1980

Annual Tax Amount $27,425

Tax Year 2023

Lot Size 3.120 Acres

Acres 3.12

Lot Dimensions 327 x 399

Property Sub-Type Multi-Family

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 (62030)

Zoning Commercial

Interior

Heating Hot Water

Exterior

Exterior Feature Vinyl Siding, Wood

Parking Features Additional Garage(s)

Building

Foundation Slab

Water Public Water

Structure Type Vinyl Siding,Wood

Schools

School District White Cloud Public Schools

Others

Energy Description Natural Gas

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by MOXIE Real Estate + Development
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(419) 260-2806

jackie@jackiejonesrealtor.com

1910 IndianWood Circle, Maumee, OH, 43537

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70 N Lester Avenue