About 421 N State Street
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 of 421 N State Street
MLS® # | 1926845 |
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Price | $899,000 |
Square Footage | 10,320 |
Acres | 0.23 |
Year Built | 1900 |
Type | Commercial |
Sub-Type | Mixed Use |
Status | Active |
Association | Alma |
Community Information
Address | 421 N State Street |
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Subdivision | Alma |
City | Alma |
County | Gratiot |
State | MI |
Zip Code | 48801 |
Amenities
Utilities | Municipal Water |
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Features | Sprinkler System |
Parking | Assigned, Common, Street Parking |
Is Waterfront | No |
Has Pool | Yes |
Interior
Heating | Natural Gas,Forced Air,Central Air |
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Has Basement | Yes |
Basement | Full, Michigan Basement |
Fireplace | No |
Exterior
Exterior Features | Brick |
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Lot Description | See Associated Docs. |
Roof | Asphalt |
Construction | Frame |
Additional Information
Date Listed | September 5th, 2024 |
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Days on Market | 372 |
Zoning | Multi-Family, Commercial |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | 1660 |
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