MI > Alma > Mi
Alma, MI 48801,421 N State Street
Alma, MI 48801,421 N State Street
Alma, MI 48801,421 N State Street
Alma, MI 48801,421 N State Street
Alma, MI 48801,421 N State Street
Alma, MI 48801,421 N State Street
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 899,000
Est. payment | /mo

10,320 SqFt

Save
$ 899,000
Est. payment | /mo
Save

10,320 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 10,320 sqft

Price per Sqft $87

Subdivision Mi

MLS Listing ID 80050334

Year Built 1900

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions See Associated Docs.

Property Sub-Type Commercial/Industrial

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by CENTURY 21 LEE-MAC REALTY
agent-avatar

"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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421 N State Street