$2,620,000
$100K PRICE DROP

70 N Lester Ave White Cloud, MI 49349

Estimated payment $16,755/month

Total Views 4,946
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 2 Fireplaces
  • Hot Water Heating System
  • Laundry Facilities
  • Cooling System Mounted In Outer Wall Opening
  • 40 Car Garage
  • Wood Siding

About This Home

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 Agent

Shawn Jacobs

MOXIE Real Estate + Development License #6501370018 Listed on: 06/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,425

Year Built

  • Built in 1980

Lot Details

  • 3.12 Acre Lot
  • Lot Dimensions are 327 x 399

Parking

  • 40 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2 Fireplaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected
  • Shared Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer

Community Details

Overview

  • 2 Buildings
  • 32 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,425

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1980
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 327 x 399
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 27425.33
  • Tax Info:Zoning3: 201 Commercial
  • General Property Info:Total _pound_ Units: 32
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Slab: Yes
  • Roofing:Metal: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding, Wood Siding
  • List Price: 2620000.0
  • Number of Buildings: 2
  • Roof: Composition, Metal
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 40.0
  • General Property Info:Total Parking Spaces: 40.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 3.12
  • Lot Size Area: 3.12
  • Lot Dimensions: 327 x 399
  • Lot Size Sq Ft: 135817.0
  • Zoning Description: 201 Commercial

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 32

Tax Info

  • Tax Annual Amount: 27425.33
  • Tax Year: 2022

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 For Sale $2,620,000 0.0% --
05/18/2025 05/18/25 Off Market $2,620,000 -- --
05/09/2025 05/09/25 Price Changed $2,620,000 -3.7% --
10/16/2024 10/16/24 For Sale $2,720,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24054434

Southwestern Michigan Association of REALTORS®

Michigan Newaygo County White Cloud 49349

70 N Lester Ave, White Cloud, MI

This home is located at 70 N Lester Ave, White Cloud, MI 49349 and is currently priced at $2,620,000. This property was built in 1980. 70 N Lester Ave is a home located in Newaygo County with nearby schools including White Cloud Elementary School, White Cloud Junior High School, and White Cloud High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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Shawn Jacobs
Listing Agent
Shawn Jacobs
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MOXIE Real Estate + Development
(231) 498-9964