Property details
About 70 N Lester Ave
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.
Highlights
Summary
- Parking: Garage
- Heating: Hot Water, Natural Gas
- Cooling: Wall Unit(s)
- List Price: $2,720,000
- Directions: North on 37. Turn left(W) on Pine Hill St, turn right (N) on Lester
- Year Built: 1980
- Lot Size: 3.12 Acres
- MLS Number: 65024054434
- MLS Name: Greater Regional Alliance of REALTORS
- Office Name: MOXIE Real Estate + Development
- Office Phone: (616) 890-7794
- Listing Agent: Shawn Jacobs
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Last updated on: 5/6/2025, 8:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,720,000
70 N Lester Ave
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Price information
Property sales
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Tax history
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Nearby schools
4
White Cloud Elementary School
Public District KG-5
0.4 mi
•585 East Pine Hill St
3
Newaygo Elementary School
Public District KG-4
9.5 mi
•29 Post St
6
Daisy Brook Elementary School
Public District 3-5
10.0 mi
•502 N Division Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,914. Residents of White Cloud, MI typically earn less than $<35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Monster Trucks
Hunting
NASCAR
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Chevrolet
Ram
GMC
What do the neighbors listen to?
Country- Classic Country
Oldies
This home is located at 70 N Lester Ave in White Cloud, MI and zip code 49349. Features: 0 bathroom. 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 April 2025 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 4 sold below. In April 2025 in White Cloud, MI there were 4.9% less homes for sale than in March. In April 2025 median list price was $226,700 and the average listing age was 33 days.