Homes for sale - 421 N State Street, Alma, MI 48801

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Stacy Allman

stacy@mipropertiesnorth.com +1(231) 944-5296

Listed by Bob Fall • CENTURY 21 LEE-MAC REALTY

$ 899,000

Est. payment | -/mo

10,320 SqFt

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$ 899,000

Est. payment | -/mo

Save

10,320 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,320 sqft

Price per Sqft $87

Subdivision Mi

MLS Listing ID 1926845

Year Built 1900

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions See Associated Docs.

Property Sub-Type Mixed Use

Property Description

Turnkey Investment Opportunity: Fully Leased 8-Unit Apartment Building in Prime Location. Discover this exceptional investment opportunity with a fully remodeled 8-unit apartment building, generating over $67,000 in annual revenue. Consisting of six spacious 2-bedroom units and two cozy 1-bedroom units, this property has consistently performed since its complete remodel in 2015. With modern finishes, updated systems, and thoughtful design throughout, it's no wonder the building has never experienced a vacancy since reopening. Situated in a desirable, well-connected location, the property enjoys a steady stream of rental demand and boasts a waiting list of eager tenants. Each unit features updated kitchens, bathrooms, and living spaces designed for comfortable, low-maintenance living. Tenants also appreciate the convenience of off-street parking, on-site laundry, and close proximity to local amenities, schools, and shopping centers. This fully leased property offers hassle-free ownership with a proven track record of reliable income and tenant satisfaction. Whether you're a seasoned investor or looking to expand your portfolio, this is a rare chance to acquire a stable, income-generating asset with excellent cash flow potential. Don't miss out on this turnkey investment in a thriving rental market.

Location

State MI

County Gratiot

Zoning Multi-Family,Commercial

Rooms

Basement Full, Michigan Basement

Interior

Heating Forced Air, Central Air

Cooling Forced Air, Central Air

Exterior

Exterior Feature Brick

Roof Type Asphalt

Present Use None

Road Frontage Public Maintained

Building

Sewer Municipal

Water Municipal Water

Others

Tax ID 51 344 812 00

Ownership Private Owner

Acceptable Financing Conventional Mortgage, Cash, Other

Listing Terms Conventional Mortgage, Cash, Other

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Stacy Allman

Broker/Owner | Lic# 6502433438

stacy@mipropertiesnorth.com

+1(231) 944-5296

108 E Main St Kinglsey MI 49649

421 N State Street Alma, MI 48801

Stacy Allman

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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421 N State Street