$2,200,000
SOLD OCT 15, 2025

70 N Lester Ave White Cloud, MI 49349

-- Bed
-- Bath
-- Sq Ft
3.12 Acres

Recently Sold

16% Below List Price

57 Days on Market

Highlights

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

About This Home

As of October 2025

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.

Last Agent to Sell the Property

Shawn Jacobs

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

Last Buyer's Agent

Darin Elliott

Greenridge Realty (Ionia)

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, gas
  • 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: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
  • 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.
  • Remarks Misc: Agent Only Remarks: Units available for tour with fully accepted LOI or offer. Financials and rent roll upon request.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/15/2025 10/15/25 Sold $2,200,000 -16.0% --
07/30/2025 07/30/25 Pending -- -- --
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: MichRIC

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shawn Jacobs

    Seller's Agent in 2025

    Shawn Jacobs

    MOXIE Real Estate + Development

    (989) 980-7359

    41 Total Sales

    Shawn Jacobs
    Section Image
  • Darin Elliott

    Buyer's Agent in 2025

    Darin Elliott

    Greenridge Realty (Ionia)

    (616) 523-3006

    604 Total Sales

    Darin Elliott
    Section Image
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Map

Source: MichRIC

MLS Number: 24054434

MichRIC
Michigan Newaygo County White Cloud 49349

70 N Lester Ave, White Cloud, MI

Sold

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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