$1,000,000
421 N State Street Alma, MI 48801
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$1,000,000
Est. payment /mo
10,320 SqFt
Active
421 N State Street Alma, MI 48801
UPDATED:
09/08/2024 10:02 AM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 10,320 sqft
Price per Sqft $96
Subdivision Mi
MLS Listing ID 80050334
Year Built 1900
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions See Associated Docs.
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.
Location
State MI
County Gratiot
Area Alma (29017)
Zoning Multi-Family,Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Frame
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by CENTURY 21 LEE-MAC REALTY
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