421 N State Street, Alma, MI

$899,000

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10,320

Square feet

0.23

Acres

About 421 N State Street

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.

Features of 421 N State Street

MLS® # 80050334
Price $899,000
Square Footage 10,320
Acres 0.23
Year Built 1900
Type COM/IND/BUS OPP
Sub-Type Commercial/Industrial
Status Active
Source MLS MiRealSource
Originating MLS Central Michigan Association of REALTORS

Community Information

Address 421 N State Street
Area Alma
Subdivision Alma
City Alma
County Gratiot
State MI
Zip Code 48801

Amenities

Features Sprinkler System

Interior

Heating Forced Air
Cooling Central A/C

Exterior

Roof Asphalt
Construction Frame
Foundation Basement

Additional Information

Zoning Multi-Family, Commercial
Foreclosure No
RE / Bank Owned No

Listing Details

OfficeCENTURY 21 LEE-MAC REALTY

Listing Map

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