About 426 N State Street
Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.
Features of 426 N State Street
| MLS® # | 1929756 |
|---|---|
| Price | $169,000 |
| Square Footage | 2,800 |
| Acres | 0.18 |
| Year Built | 1970 |
| Type | Multi-Family |
| Sub-Type | Victorian, 2+ Stories |
| Status | Active |
Community Information
| Address | 426 N State Street |
|---|---|
| Subdivision | ORIGINAL TOWN |
| City | Alma |
| County | Gratiot |
| Province | Michigan |
| Postal Code | 48801 |
Amenities
| Utilities | WATER: Municipal SEWER: Municipal |
|---|---|
| Garages | Attached |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | Natural Gas Water Heater, Refrigerator, Oven/Range |
| Heating | Natural Gas, Steam |
| Fireplace | Yes |
| Fireplaces | Stove |
| Has Basement | No |
| Basement | Poured Concrete |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Covered Porch, Gutters |
| Lot Description | 69.5 x 110 |
| Roof | Metal |
| Construction | Frame |
School Information
| District | Alma Public Schools |
|---|
Additional Information
| Date Listed | December 21st, 2024 |
|---|---|
| Days on Market | 175 |
| Zoning | Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 43 NORTH REALTY |
|---|