About This Home
This 0-bedroom, 0-bathroom commercial at 421 N State Street in Alma, MI is listed for $899,000 ($87 per sqft). the home offers 10,320 sqft of living space on a 0.23 acres lot.
Key Features
- 0.23 acre lot
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.
Monthly Cost Estimate
$4,808/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
421 N State Street
Alma, MI 48801
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 421 N State Street is listed at $899,000 ($87/sqft). The estimated monthly payment is $4,808 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.23 acre lot. Exterior Features: Brick.
This property is listed by Bob Fall and can be reached at 9897373927.
