70 N Lester Avenue, White Cloud, MI 49349 (MLS# 24054434)
70 N Lester Avenue, White Cloud, MI 49349
$2,200,000
Property Type:
Multi Family
Lot Size (sq. ft.):
135,817
Status:
Sold
Current Price:
$2,620,000
List Date:
6/03/2025
Last Modified:
10/16/2025
Overview
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.
Listing Details MLS# 24054434
Location Property Info
- County
- Newaygo
- Street #
- 70
- Street Direction
- N
- Street Name
- Lester
- Suffix
- Avenue
- State
- MI
- Zip Code
- 49349
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 135817
- Lot Acres
- 3.12
- Lot Dimensions
- 327 x 399
- Year Built
- 1980
- New Construction
- No
- Cert of Compliance
- No
- Road Frontage
- 327
- Total # Units
- 32
- # of Diff Unit Floor Plans
- 4
- Total # Bldgs
- 2
- Total Parking Spaces
- 40
- Waterfront
- No
- School District
- White Cloud
- Basement
- No
Tax Info
- Tax ID #
- 11-32-300-039
- Taxable Value
- 300293
- SEV
- 311100
- For Tax Year
- 2022
- Seller's Annual Property Tax
- 27425.33
- Tax Year
- 2023
- Spec Assessment & Ty
- NK
- Zoning
- 201 Commercial
- Homestead %
- 0
Remarks Misc
- Directions
- North on 37. Turn left(W) on Pine Hill St, turn right (N) on Lester
Status Change Info
- Under Contract Date
- 2025-07-30
- Sold Date
- 2025-10-15
More Information
Access Feat
- Accessibility Features
- No
Unit 1
- Unit Description
- 1 BR
- Identical Units
- 8
- SqFt
- 625
- Occupied
- Yes
- Monthly Rent
- 731
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 2
- Unit Description
- 2 BR
- Identical Units
- 20
- SqFt
- 800
- Occupied
- Yes
- Monthly Rent
- 913
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 3
- Unit Description
- 3 BR
- Identical Units
- 2
- SqFt
- 800
- Occupied
- Yes
- Monthly Rent
- 1060
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 4
- Unit Description
- 4 BR
- Identical Units
- 2
- SqFt
- 1045
- Occupied
- Yes
- Monthly Rent
- 1045
- Bathrooms
- Yes
- Full Baths
- Yes
Location & Property Info
- Cross Streets
- North St & Pine Hill
- Property Sub-Type
- 5+ Units
- Area
- West Central - W
- Municipality
- White Cloud City
Office/Contract Info
- Auction or For Sale
- For Sale
Remarks & Misc
- Public Remarks
- 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.
- Legal
- PT SW1/4 COM N 0 DEG 34 MIN 17 SEC E 341.28 FT FROM SW SEC COR TH N 0 DEG 34 MIN 17 SEC E 327.1 FT TH N 89 DEG 33 MIN 6 SEC E 399.07 FT TH S 0 DEG 28 MIN 37 SEC W 327.1 FT S 89 DEG 33 MIN 6 SEC W 399.61 FT TO POB SEC 32 T14N R12W CITY OF WHITE CLOUD
Util Avail at Street
- Public Sewer
- Yes
- Public Water
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Laundry Features
- Common Area
- Yes
Exterior Material
- Vinyl Siding
- Yes
- Wood Siding
- Yes
Roofing
- Composition
- Yes
- Metal
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Hot Water
- Yes
Air Conditioning
- Wall Unit(s)
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Substructure
- Slab
- Yes
Extras
- Garages
- Yes
- Sep Electric Meter
- Yes
- Sep Gas Meter
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Laundry Features:
Common Area
Exterior Material:
Vinyl Siding; Wood Siding
Roofing:
Composition; Metal
Substructure:
Slab
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at Street:
Public Sewer; Public Water
Extras:
Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays:
Sewer; Trash Collection; Water
Tenant Pays:
Electric; Gas
Heat Source:
Natural Gas
Heat Type:
Hot Water
Air Conditioning:
Wall Unit(s)
Terms Available:
Cash; Conventional
Possession:
Close Of Escrow
Sale Conditions:
None
Listing Office:
MOXIE Real Estate + Development
Listing Agent:
Shawn Jacobs
Last Updated: October - 16 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.