421 N State, Alma city, Michigan

$899,000

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0.23

Acres

About 421 N State

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.

Features of 421 N State

MLS® # 79080050334
Price $899,000
Bathrooms 0.00
Acres 0.23
Year Built 1900
Type Commercial
Status Active

Community Information

Address 421 N State
Area 29022 - Alma
Subdivision ALMA
City Alma city
County Gratiot
State Michigan
Zip Code 48801

Amenities

Utilities Natural Gas Connected
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No

Exterior

Construction Frame
Foundation Basement

School Information

District Alma

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCENTURY 21 LEE-MAC REALTY
Contact InfoBob@MyWiseCouncil.com

Listing Map

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