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421 N State Street

Alma, MI 48801
  • $1,000,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 1926845
UPDATED: 9 min ago
$1,000,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,320
    SQFT
  • $97
    $/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. Dont 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. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-10-10T06:52:39.36.
www.housestraversecity.com/homes/154737320
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421 N State Street Alma, MI 48801

  • Price: $1,000,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 9 min ago
  • MLS #: 1926845
0
Beds
0
Baths
0
½ Baths
0.23
Acres
10,320
SQFT
$97
$/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. Dont miss out on this turnkey investment in a thriving rental market.
Exterior Features

Construction Frame Exterior Features Brick Foundation FullMichigan Basement Lot Dimensions See Associated Docs. Parking AssignedCommonStreet Parking Road Public Maintained Roof Asphalt

Interior Features

Heating Cooling Type Forced AirCentral Air

Property Features

Business Incl No Business Name 101 W. DownieLLc Deeded Waterfront No Documents On File None Eco Features No Extras Sprinkler System Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Corner Lot Percent Of Remodel 100 Possession Subject to Tenants Rights Present Use None Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 34 Sewer Municipal Terms Conventional MortgageCashOther Township City of Alma Type Mixed Use Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Municipal Water Year Remodeled 2014 Zoning Multi-FamilyCommercial

Listing information © 2024 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. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-10-10T06:52:39.36.
 
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