# 421 N State Street, Alma, MI 48801 > **TL;DR:** commercial, $899,000 ($87/sqft), 10,320 sqft. Est. $4,808/mo. Listed 744 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $899,000 | | Price/sqft | $87 | | Square Feet | 10,320 | | Lot Size | 10,019 sqft (0.23 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 744 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,546 | | Estimated Insurance | $262 | | **Total** | **$4,808** | ## Property Highlights - 0.23 acre lot ## Description ### Agent 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 - **Address:** 421 N State Street, Alma, MI 48801 - **County:** Gratiot - **Coordinates:** 43.379888, -84.662156 - **Google Maps:** https://www.google.com/maps?q=43.379888,-84.662156 ## Listing Agent - **Name:** Bob Fall - **Brokerage:** CENTURY 21 LEE-MAC REALTY - **Phone:** 9897373927 - **Broker Phone:** 9894636085 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/TAAR/1926845/?channel=propsimple) ## Photos ![421 N State Street - Photo 1](http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1807405812r.jpg) ![421 N State Street - Photo 2](http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1876805493r.jpg) ![421 N State Street - Photo 3](http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1725060036r.jpg) ![421 N State Street - Photo 4](http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f3950654527r.jpg) ![421 N State Street - Photo 5](http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f619324200r.jpg) ![421 N State Street - Photo 6](http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f650910678r.jpg) --- **MLS#:** 1926845 | **Updated:** 2026-07-03 **Source:** listhub *Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845#listing", "url": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845", "name": "421 N State Street, Alma, MI 48801", "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.", "image": [ "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1807405812r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1876805493r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1725060036r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f3950654527r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f619324200r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f650910678r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1807405812r.jpg", "caption": "421 N State Street - Alma, MI" }, "datePosted": "2024-09-05T00:00:00+00:00", "dateModified": "2026-07-03T15:49:11.653853+00:00", "mainEntity": { "@type": "Place", "@id": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845#property", "name": "421 N State Street, Alma, MI 48801", "address": { "@type": "PostalAddress", "streetAddress": "421 N State Street", "addressLocality": "Alma", "addressRegion": "MI", "postalCode": "48801", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 43.379888, "longitude": -84.662156 }, "image": [ "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1807405812r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1876805493r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f1725060036r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f3950654527r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f619324200r.jpg", "http://lh.rdcpix.com/c5129740d8122bfe6c7d8773ffff7714l-f650910678r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "1926845" }, "amenityFeature": [ { "@type": "LocationFeatureSpecification", "name": "Construction Materials", "value": "Frame" }, { "@type": "LocationFeatureSpecification", "name": "Parking Features", "value": "Assigned" } ], "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.23 acres" }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Other" }, { "@type": "PropertyValue", "name": "Property Type", "value": "Commercial" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845#offer", "url": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845", "price": 899000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845#agent", "name": "Bob Fall", "telephone": "9897373927", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/421-n-state-street-alma-mi-48801-1926845#brokerage", "name": "CENTURY 21 LEE-MAC REALTY", "telephone": "9894636085" } } } ```