421 N State Street, Alma, MI

$899,000

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10,320

Square feet

0.23

Acres

About 421 N State Street

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.

Features of 421 N State Street

MLS® # 1926845
Price $899,000
Square Footage 10,320
Acres 0.23
Year Built 1900
Type Commercial
Status Active

Community Information

Address 421 N State Street
Subdivision Alma
City Alma
County Gratiot
Province MI
Postal Code 48801

Amenities

Parking Assigned, Common, On Street
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Has Basement Yes
Basement Full, Michigan Basement

Exterior

Lot Description Corner Lot
Roof Asphalt
Construction Frame, Brick

Additional Information

Days on Market 372
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Annually

Listing Details

OfficeCENTURY 21 LEE-MAC REALTY

Listing Map

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