White Cloud, MI 49349

Active (2 Days)

$2,720,000

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Description

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.

MLS #:
70436879

Taxes
$27,425(2023)

Lot Size
3.12 acres

Type
Single-Family Home

Year Built
1980

School District
White Cloud Public Schools

County
Newaygo County

Listed By

Shawn Jacobs, Moxie Real Estate + Development

Source
MIREALSOURCE
Last checked Oct 18 2024 at 4:48 AM GMT+0000

Bathroom Details

Property Features

Foundation: Slab

Heating and Cooling

Hot Water

Utility Information

Sewer: Public Sanitary

Garage

Garage

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