421 N State Street
Alma, Michigan 48801, United States

MLS#: 1926845

$1,000,000 USD

Minimum sellable space
959m² (10,320ft²)
The details

Property features

Date Updated: Nov 10, 2024

Construction details

Year built
1900
Roofing
Shingle-Asphalt

Area

Property size
959m² (10,320ft²)
Land/Lot size
931m² (10,018.8ft²)
Cooling system
Central AC
Heating system
Forced Air
Gas

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.

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Location

421 N State Street, Alma, Michigan 48801, United States
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