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421 N State Street

Alma, Michigan, 48801, United States

Property ID: #5025450 // Commercial // Source Status: Active
    / 6
Traditional Sale
List Price:
USD $899,000
Traditional Sale
List Price:
USD $899,000
Icon 10,320 ft²
Icon 0.23 acres
Icon - beds
Icon - baths
Address:
421 N State Street
City:
Alma
State:
Michigan
Zip Code:
48801
County:
Gratiot
Subdivision:
Alma
Country:
United States
Property Type:
Commercial
Additional Property Types:
Commercial, Industrial
Year Built:
1900
Property Size:
10,320 ft²
Lot Size:
0.23 acres
Data Source:
Michigan Multiple Listing Service (MiRealSource)
MLS/Reference Number(s):
80050334
Source Status:
Active
Source Property Type:
Commercial, Commercial/Industrial

Property Provided By

  • Bob Fall
  • CENTURY 21 LEE-MAC REALTY
  • +1 (989) 463-6085

Connect with local buyer agents who are willing to offer commission savings!

Property Information

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.

Source Disclaimer

Michigan Multiple Listing Service (MiRealSource)

Listing Information © 2025 MiRealSource Inc. All Rights Reserved.
Courtesy of CENTURY 21 LEE-MAC REALTY.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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This content last updated on 2025-12-16 01:56:52. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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