Woodridge Apartments | 70 N Lester St
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Woodridge Apartments 70 N Lester St
32 Unit Block of Flats £2,128,264 (£66,508/Unit) White Cloud, MI 49349
Executive Summary
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 Facts
| Price | £2,128,264 | Apartment Style | Low Rise |
| Price Per Unit | £66,508 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.11 AC |
| No. Units | 32 | Building Size | 28,041 SF |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1981 |
| Price | £2,128,264 |
| Price Per Unit | £66,508 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.11 AC |
| Building Size | 28,041 SF |
| Number of Floors | 2 |
| Year Built | 1981 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 670 |
| 2+1 | 8 | - | 820 |
| 3+1 | 8 | - | 1,000 |
| 4+1 | 8 | - | 1,120 |
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PROPERTY TAXES
| Parcel Number | 11-32-300-039 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £334,654 |
PROPERTY TAXES
Parcel Number
11-32-300-039
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£334,654
zoning
| Zoning Code | R-2 (Multi-family Residential) |
| R-2 (Multi-family Residential) |
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MOXIE Real Estate + Development
Woodridge Apartments | 70 N Lester St
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