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421 N State Street

Alma, MI 48801
  • $899,000
  • STATUS: Active
  • ON SITE: 592 Days
  • MLS #: 1926845
UPDATED: 30 min ago
$899,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,320
    SQFT
  • $87
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

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.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-21T21:51:53.68.
www.housestraversecity.com/homes/154737320
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421 N State Street Alma, MI 48801

  • Price: $899,000
  • Status: Active
  • On Site: 592 Days
  • Updated: 30 min ago
  • MLS #: 1926845
0
Beds
0
Baths
0
½ Baths
0.23
Acres
10,320
SQFT
$87
$/SQFT
1900
Built
Neighborhood:
Alma
County:
Gratiot
Area:
Gratiot
Property 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.
Exterior Features

Construction Materials FrameBrick Garage YN No Roof Asphalt

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features None Basement FullMichigan Basement Below Grade Finished Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Forced AirNatural Gas Heating YN Yes

Property Features

Association Fee Frequency Annually Business Incl No Business Type None Deeded Waterfront No ECOFeatures No Inventory Incl No Lease Amount Frequency Annually Lease Considered YN No Lease Renewal Option YN No Listing Terms ConventionalCashOther Lot Features Corner Lot New Construction YN No Occupied No Open Parking YN Yes Other Parking AssignedCommonStreet Parking Ownership Type Private Owner Parking Features AssignedCommonOn Street Percent Of Remodel 100 Possession Subject To Tenant Rights Property Sub Type Mixed Use Real Estate Incl Yes Rent Includes None Road Responsibility Public Maintained Road Security Features Fire Sprinkler System Sewer Public Sewer Special Licenses None Tax Legal Description See Associated Docs for Full Legal Description. Water Source Public Waterfront YN No Year Built Effective 2014 Year Updated 2014 Zoning Description Multi-FamilyCommercial

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of CENTURY 21 LEE-MAC REALTY: 989-463-6085.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-21T21:51:53.68.
 
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