Properties for sale in Michigan

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

70 N Lester Avenue, White Cloud, MI 49349

Overview

Description

Listing Details MLS# 24054434