421 N State Street, Alma, MI 48801

Building Details

Building materials

Frame

Roof type

Asphalt

Listing agent Bob Fall License #6506049037 Show Phone

Listing office CENTURY 21 LEE-MAC REALTY 605 W WARWICK DRIVE, ALMA, MI Show Phone

Listing date Sep 5, 2024

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MLS# 1926845

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.

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Overview

This 8-unit apartment building has been fully remodeled, with the project completed in 2015. The tenant mix is six 2-bedroom units and two 1-bedroom units. According to the listing, the property has modern finishes and updated systems throughout.

The building is located at 421 N State Street in Alma, Michigan, in Gratiot County. The offering is presented as turnkey, with the units currently fully leased.

For investors or operators seeking a low-management residential income asset, the current fully leased status and the in-place rental apartment mix are key considerations. The listing also notes off-street parking and on-site laundry for tenant convenience. The owner-reported performance includes over $67,000 in annual revenue and a history of no vacancy since reopening after the remodel.

Suggested Use

Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Department Store Electrical Service Garden Center (Bike/Boat/Book/etc) Store Wine and Liquor Store Parking Lot & Garage Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Alma

County

Gratiot

State

Michigan

Longitude

-84.662156

Latitude

43.379888

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FAQs

What type of property is this?

Apartment building - Fully leased, remodeled eight-unit multifamily property with a mix of one- and two-bedroom apartments.

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 apartment building generating over $67,000 in annual revenue; Unit mix includes six 2‑bedroom units and two 1‑bedroom units; Remodeled in 2015 and reported to have had no vacancy since reopening