421 N State Street, Alma, Michigan 48801
421 N State Street, Alma, Michigan 48801
421 N State Street, Alma, Michigan 48801
421 N State Street, Alma, Michigan 48801
421 N State Street, Alma, Michigan 48801

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.

Date Updated : Sep 16, 2025

$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

421 N State Street, Alma, Michigan 48801