421 N State Street, Alma, Michigan

$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
Bathrooms 0.00
Square Footage 10,320
Acres 0.23
Year Built 1900
Type Commercial
Sub-Type Mixed Use, Commercial Sale
Status Active

Community Information

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

Amenities

Utilities WATER: Municipal Water SEWER: Municipal
Features Sprinkler System
Parking Common, Street Parking, Assigned
Is Waterfront No

Interior

Heating Natural Gas, Forced Air, Central Air
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 225
Zoning Commercial, Multi-Family
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCENTURY 21 LEE-MAC REALTY

Listing Map

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