Property photo 1
6 photos
ActiveMLS# 1926845561 days on market

$899,000

421 N State Street

Alma, MI 48801

0 BD|0 BA|10,320 SQFT|$87.11/sqft

About This Property

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 & Amenities

Basement

Property Details

Property TypeCommercial
Year Built1900
Lot Size10,019 sqft
Price / Sqft$87.11
Days on Market561
MLS Number1926845

Eleanor Whitfield

Principal Broker

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Est. Monthly Payment

$5,407

P&I: $4,546 | Tax: $637 | Insurance: $225

$899,000
%
%
Loan Amount$719,200
Down Payment$179,800

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

421 N State Street, Alma, MI 48801

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