421 N State Street Alma, Michigan
Listed By CENTURY 21 Lee-Mac Realty
The Commercial Property for Sale located at Alma, Michigan is currently for sale. Alma, Michigan is listed for $1,000,000. If the property located at Alma, Michigan isn't what you're looking for, visit https://www.century21global.com to see other Commercial Properties for Sale in Alma .
Date Updated : Jan 18, 2025
MLS#: 1926845
$1,000,000 USD
- Minimum sellable space959m² (10,320ft²)
Property features
Construction details
- Year built: 1900
- Roofing: Shingle-Asphalt
Other features
- Cooling system: Central AC
- Heating system: Forced Air Gas
Area
- Property size: 959m² (10,320ft²)
- Land/Lot size: 931m² (10,018.8ft²)
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.