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421 N State Street, Alma, MI 48801
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$899,000
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Home Details for 421 N State Street
Price
$899,000
Type
Commercial/Industrial
Year Build
1900
Sq. Ft.
10320
Lot Size
0.23
County
Gratiot
Basement
Full
MLS®️ Listing#
1926845
On exitrealty.com
344 days
Property 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.
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- Cooling Information
- Central Air
- Heating Information
- Forced Air
- Water Features
- Municipal Water
- Utilities
- Natural Gas Available
- Parking
- On Street
- Basement
- Full
Listing Courtesy: CENTURY 21 LEE-MAC REALTY - 989-463-6085
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright ©2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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$899,000
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