421 N State Street Alma, MI 48801

Commercial-Other MLS #: 1926845 Listed By CENTURY 21 Lee-Mac Realty
605 W. Warwick Drive, Alma, MI 48801

Property InformationDescription

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

  • Basement: Full
  • Building Area: 10320.00 SF
  • Cooling: Central A/C
  • Cross Docks: N
  • Exterior Description: Brick
  • Exterior Description: Wood Frame
  • For Auction: N
  • Heating - Fuel Type: Gas
  • Heating Type: Forced Air
  • Industrial Ground Level: N
  • Lot Description: Corner
  • Lot Size In Text: 10018.8 Sq. Ft.
  • MLSID: 1926845
  • Parking Places: 0
  • Price Per Area: 87.11
  • Price Upon Request: N
  • Rail: N
  • Roof: Asphalt / Fiberglass
  • Roof: Asphalt Shingle Roof
  • Sewer: Public
  • Sprinklers: N
  • Style: Other Style
  • Sublease: N
  • Water: Municipal Water
  • Year Built: 1900

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421 N State Street, Alma, MI 48801
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