421 N State StreetAlma, MI 48801

Description

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.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1900

Living area

10,320 Sq Ft

Lot size

0.23 acres

Days on market

734

MLS^® Listing#

1926845

Property Features

Cooling

Central Air

Heating

Forced Air · Natural Gas

Basement

Full

Parking

Assigned · Common · On Street

Lot features

Corner Lot

Construction

Frame · Brick

Roof

Asphalt

Security

Fire Sprinkler System

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

Yes

Assessed value

$39,900

Parcel number

51 344 812 00

Directions

S. on Woodworth from Superior.