Sold

$2,200,000

70 N Lester St, White Cloud, MI 49349

10beds

4baths

3,270sqft

5+ Units

Built in 1980

-- sqft lot

$2,239,600 Zestimate^®

$673/sqft

$1,290 Estimated rent

Home value

$2,239,600

$1.63M - $3.07M

$1,290/mo

Zestimate^® history

Owner options

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$1,290/mo

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$1,290/mo

Rent Zestimate^®

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$11,409/mo

Est. payment

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$11,409/mo

Est. payment

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What's special

Parking lot repairsExterior doorsRoof and guttersUnit renovations

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 4

Heating

Hot Water

Cooling

Wall Unit(s)

Appliances

Laundry: Common Area

Features

Basement: Slab

Interior area

Total interior livable area: 3,270 sqft

Property

Parking

Total spaces: 40

Lot

Size: 3.12 Acres
Dimensions: 327 x 399

Details

Parcel number: 1132300039
Zoning description: 201 Commercial

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Vinyl Siding, Wood Siding
Roof: Composition,Metal

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Natural Gas Connected, Electricity Connected

Community & HOA

Location

Region: White Cloud

Financial & listing details

Price per square foot: $673/sqft
Tax assessed value: $300,293
Annual tax amount: $27,425
Date on market: 6/3/2025
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes

Price history

Date	Event	Price
10/15/2025	Sold	$2,200,000-16%$673/sqft
Source: MichRIC #24054434 Report a problem
8/6/2025	Pending sale	$2,620,000$801/sqft
Source: MichRIC #24054434 Report a problem
6/3/2025	Listed for sale	$2,620,000$801/sqft
Source: MichRIC #24054434 Report a problem
5/16/2025	Listing removed	$2,620,000$801/sqft
Source: MichRIC #24054434 Report a problem
5/9/2025	Price change	$2,620,000-3.7%$801/sqft
Source: MichRIC #24054434 Report a problem
10/16/2024	Listed for sale	$2,720,000$832/sqft
Source: MichRIC #24054434 Report a problem
11/21/2022	Listed for rent	$895+59.8%
Source: Zillow Rental Network Premium Report a problem
4/2/2021	Listing removed	--
Source: Zillow Rental Network Premium_1 Report a problem
6/25/2020	Price change	$560+3.7%
Source: Prime Properties Management Report a problem
3/11/2020	Listed for rent	$540
Source: Prime Properties Management Report a problem