421 N State Street Active Save Request In-Person Tour Request Virtual Tour
Alma,MI 48801
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