421 N State Street Alma, MI 48801
- Added:
- Sep 5, 2024
- Days on Market:
- 610
- Last Refresh:
- May 7 at 4:06 pm
Property Features for 421 N State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Multi-Family,Commercial
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 10,320 SF
- Lot size
- 0.23 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Bob Fall (989) 737-3927
Listing office CENTURY 21 LEE-MAC REALTY 605 W WARWICK DRIVE, ALMA, MI (989) 463-6085
Listing date Sep 5, 2024
MLS# 1926845
Listing URL
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully Leased 8‑Unit Building Generating Over $67,000 Annual Revenue
- Turnkey Investment with Proven Track Record and No Vacancy Since 2015 Remodel
- Prime, Desirable Location with High Rental Demand and Waiting List
- Six 2‑Bedroom Units and Two 1‑Bedroom Units with Modern Finishes
- Updated Kitchens, Bathrooms, and Living Spaces for Low‑Maintenance Living
- Convenient Amenities: Off‑Street Parking and On‑Site Laundry
Overview
Turnkey Investment: Leased Apartment Building
This is an investment opportunity featuring a fully remodeled 8-unit apartment building that generates over $67,000 in annual revenue. The property consists of six 2-bedroom units and two 1-bedroom units. The building was completely remodeled in 2015 and has maintained consistent performance since, with no vacancies since reopening. The property is located in a desirable, well-connected area, ensuring a steady stream of rental demand and a waiting list of tenants. Each unit includes updated kitchens, bathrooms, and living spaces designed for comfortable, low-maintenance living. Tenants benefit from off-street parking, on-site laundry, and proximity to local amenities, schools, and shopping centers. The property is situated on a 0.23-acre lot. The building size is 10,320 square feet. The property is zoned for multi-family and commercial use. This fully leased property offers hassle-free ownership with a history of reliable income and tenant satisfaction, making it a stable, income-generating asset with excellent cash flow potential in a thriving rental market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Alma
- County
- Gratiot
- State
- Michigan
- Longitude
- -84.662156
- Latitude
- 43.379888
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully leased 8-unit apartment building with strong rental income.
Where is this apartment building located?
The property is located at 421 N State Street Alma, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully Leased 8‑Unit Building Generating Over $67,000 Annual Revenue; Turnkey Investment with Proven Track Record and No Vacancy Since 2015 Remodel; Prime, Desirable Location with High Rental Demand and Waiting List
