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421 N State Street, Alma, MI, 48801

$899,000

421 N State Street, Alma, MI 48801

Active
Last Updated: 03/04/2025

10,320 sqft

Building Size

10,018.8 sqft

Lot Area

Details:
Building Size:    10,320 sqft
Lot Area:    10,018.8 sqft
Year Built:    1900
MlsNumber:    1926845
Highlights:
  • Roof: Asphalt / Fiberglass
  • Water: Municipal Water
  • Heating Fuel Type: Gas
  • Exterior Description: Wood Frame
  • Lot Description: Corner
  • Sewer: Public
  • Cooling: Central A/C
  • Basement: Full
  • Heating Type: Forced Air
Description:

S. on Woodworth from Superior.

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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