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. Donât 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 |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 421 N State Street |
|---|---|
| Subdivision | Alma |
| City | Alma |
| County | Gratiot |
| Province | MI |
| Postal Code | 48801 |
Amenities
| Utilities | Municipal Water |
|---|---|
| Features | Sprinkler System |
| Parking | Assigned, Common, Street Parking |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Natural Gas,Forced Air,Central Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Michigan Basement |
Exterior
| Exterior Features | Brick |
|---|---|
| Lot Description | See Associated Docs. |
| Roof | Asphalt |
| Construction | Frame |
Additional Information
| Date Listed | September 5th, 2024 |
|---|---|
| Days on Market | 372 |
| Zoning | Multi-Family, Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 1660 |
|---|
