70 N Lester St - Apartments FOR SALE


White Cloud, MI 49349
$2,720,000 USD
989-980-7359
70 N Lester St, White Cloud, MI for Sale
$2,720,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

70 N Lester St
White Cloud, MI 49349


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,720,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

32

PRICE/UNIT

$85,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.11 AC

LAND SF

135,472 SF

ZONING

R-2

APN/PARCEL ID

11-32-300-039

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.