6
See all 6 photos
$899,000
Est. payment /mo
10,320 SqFt
Active
421 N State ST Alma, MI 48801
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,320 sqft
Price per Sqft $87
Subdivision Alma
MLS Listing ID 79080050334
Year Built 1900
Lot Size 10,018 Sqft
Acres 0.23
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
Area Area29022Alma
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Alma
School District Alma
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Bob Fall of CENTURY 21 LEE-MAC REALTY
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