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426 N State Street

Alma, MI 48801
  • $169,000
  • STATUS: Active
  • ON SITE: 147 Days
  • MLS #: 1929756
Price Reduced
UPDATED: 57 min ago
$169,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,800
    SQFT
  • $60
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

School District:

Description

Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Dont miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-05-17T23:51:58.71.
www.housestraversecity.com/homes/158980029
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426 N State Street Alma, MI 48801

  • Price: $169,000
  • Status: Active
  • On Site: 147 Days
  • Updated: 57 min ago
  • MLS #: 1929756
0
Beds
0
Baths
0
½ Baths
0.18
Acres
2,800
SQFT
$60
$/SQFT
1970
Built
Neighborhood:
Original Town
County:
Gratiot
Area:
Gratiot
School District:
Alma Public Schools
Property Description
Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Dont miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.
Exterior Features

Additional Buildings None Construction Frame Exterior Features Covered PorchGutters Exterior Finish Vinyl Siding Lot Dimensions 69.5 x 110 Primary Garage Attached Road Public Maintained Roof Metal Water Features None

Interior Features

Appliances Equipment RefrigeratorOven/RangeNatural Gas Water Heater Bath A 1 Bath B 1 Bath C 1 Bath D 1 Bath E 1 Bdrm A 0 Bdrm B 1 Bdrm C 1 Bdrm D 1 Bdrm E 1 Fireplace And Stoves Stove Foundation Poured Concrete Heating Cooling Type Steam Interior Features None Main Floor Primary Yes

Property Features

Deeded Waterfront No Development Amenities None Documents On File Sellers DisclosureAgency DisclosureLBP Disclosure Heating Cooling Sources Natural Gas Included In Lease Trash RemovalSnow RemovalHeating/CoolingWaterSewer Lease Terms Month-to-MonthYear Lease Listing Agreement Type Exclusive Right to Sell Mineral Rights Unknown Monthly Income Amount A 525 Monthly Income Amount B 575 Monthly Income Amount C 475 Monthly Income Amount D 600 Monthly Income Amount E 575 Possession At Closing Property Type 4 - PlexOther Section Number 34 Sewer Municipal Style 2+ StoriesVictorian Summer Taxes 3989.65 Taxable Value 63207 Terms Conventional MortgageCash Total Taxes 4266.89 Township City of Alma Tv Service Internet Avail Cable TVCable Internet Type Of Ownership Corporate Owned Univs Design Barrier Free None Water Municipal Winter Taxes 277.24 Year Remodeled 2020 Zoning Use Restrictions Commercial

Listing information © 2025 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of 43 NORTH REALTY: 989-463-1219.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-05-17T23:51:58.71.
 
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