Turnkey 8-Unit Apartment
For Sale
$899,000
421 N State St, Alma, MI 48801
Fully leased, remodeled 8-unit apartment building with steady income.
Property SizeContact for details
Lot Size0.23 Acres
Days on Market155
Property Features for 421 N State St
General Information
Standard status
Active
Lot size
0.23 Acres
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
CENTURY 21 LEE-MAC REALTY
(989) 560-3069
Listed By:
Adam Vibber · License #6506049037
(989) 560-3069
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 LEE-MAC REALTY
Investment Insights
Based on property information with market context.
This is an 8-unit apartment building that has been fully remodeled. The property consists of six 2-bedroom units and two 1-bedroom units. Since its complete remodel in 2015, the building has consistently performed and has never experienced a vacancy since reopening. The property generates over $67,000 in annual revenue. Each unit features updated kitchens, bathrooms, and living spaces. Tenants have access to off-street parking and on-site laundry. The property is located close to local amenities, schools, and shopping centers. The property is situated in a desirable, well-connected location and has a waiting list of tenants. This fully leased property offers hassle-free ownership with a proven track record of reliable income and tenant satisfaction.
Key Highlights
- Fully leased 8‑unit apartment building generating over $67,000 in annual revenue.
- Turnkey investment opportunity with a proven track record of reliable income.
- Never experienced a vacancy since complete remodel in 2015.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 48801, MI
13,006
Population
5,408
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
95%
High-School Grad
70.8 sq mi
ZIP Area
184
Density / Sq Mi
$57,449
Median Household Income
$30,146
Median Earnings
$795
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased, remodeled 8-unit apartment building with steady income.
Where is this apartment building located?
The property is located at 421 N State St 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 apartment building generating over $67,000 in annual revenue.; Turnkey investment opportunity with a proven track record of reliable income.; Never experienced a vacancy since complete remodel in 2015.
