




Listed By CENTURY 21 Lee-Mac Realty
The Commercial Property for Sale located at 421 N State Street, Alma, Michigan 48801 is currently for sale. 421 N State Street, Alma, Michigan 48801 is listed for $899,000.
$899,000 USD
Commercial for Sale, 421 N State Street, Alma, Michigan 48801
- MLS#1926845
- Minimum sellable space
959 m² (10,320 ft²)
Property features
Property
- Property size:
959 m² (10,320 ft²)
Lot/Land
- Land/Lot size:
931 m² (10,018.8 ft²) - Lot description: Corner Lot
Construction
- Year built: 1900
- Roofing: Shingle-Asphalt
- Construction: Wood FrameBrick
- Basement and foundation: Full Basement
Heating and Cooling
- Heating system: Forced AirGas
- Cooling system: Central AC
Utilities
- Other utilities: Public SewerMunicipal Water
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
421 N State Street, Alma, Michigan 48801