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.
Property Details
Property Features
Property Information:
Year Built: 1980
Listing Office:
Office Name: MOXIE Real Estate + Development
Office Phone: (616) 890-7794
Listing Agent: Shawn Jacobs
Interior Features
Interior Information:
Interior: Laundry Facility
Exterior Features
Parking Information:
Parking: Garages
Lot Features
Lot Information:
Lot Size: 3.12 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Hot Water
Cooling: Wall Unit(s)
Other
Directions Information:
Directions: North on 37. Turn left(W) on Pine Hill St, turn right (N) on Lester
Price Information
Listing Price Info
Price Summary:
List Price: $2,720,000
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Housing Market Comparison
See how this home compares to others in White Cloud, MI.
This property is $2.5M more than the Median Sold Price in White Cloud, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Regional Alliance of REALTORS®
MLS Number: #65024054434
Listing Office:
Office Name: MOXIE Real Estate + Development
Office Phone: (616) 890-7794
Listing Agent: Shawn Jacobs
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
White Cloud Elementary School
585 East Pine Hill St
Distance between this listing and this school0.36 miles
Public District Grades KG-5
3
/10
Newaygo Elementary School
29 Post St
Distance between this listing and this school9.52 miles
Public District Grades KG-4
6
/10
Daisy Brook Elementary School
502 N Division Ave
Distance between this listing and this school9.97 miles
Public District Grades 3-5
Nearby Schools
2
/10
White Cloud Junior High School
555 E Wilcox Ave
Distance between this listing and this school0.38 miles
Public District Grades 7-8
4
/10
Newaygo Middle School
850 76th St
Distance between this listing and this school9.73 miles
Public District Grades 7-8
6
/10
Fremont Middle School
500 Woodrow St
Distance between this listing and this school10.88 miles
Public District Grades 7-8
Nearby Schools
3
/10
White Cloud High School
555 E Wilcox Ave
Distance between this listing and this school0.42 miles
Public District Grades 9-12
6
/10
Newaygo High School
200 East St
Distance between this listing and this school9.99 miles
Public District Grades 9-12
3
/10
Quest High School
350 Cedar St
Distance between this listing and this school10.73 miles
The neighbors living near this home have an average income of $29,914. Most White Cloud, MI residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
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This home is located at 70 N Lester Ave in White Cloud, MI and zip code 49349. This home, which was built in 1980, sits on a 3.12 acre lot. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $2,720,000.
White Cloud, MI housing market in October 2024 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 5 sold below. Between September 2024 and October 2024, White Cloud, MI real estate market has seen decrease in the number of listings by 6.4%. The median list price of listings available in October 2024 was $175,000, while the average time on the real estate market was 49 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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