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$899,000
319 Days On Site

421 N State Street
Alma City, MI 48801

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
10,320
SqFt
$87
/SqFt
1900
Built
Subdivision:
ALMA
County:
Gratiot
421 N State Street421 N State Street421 N State Street421 N State Street
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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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Listing Snapshot
Price 
$899,000
Days On Site 
319 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,320 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.23 Acres
Year Built 
1900
MLS® Number 
79080050334
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 months agoListing updated with changes from the MLS®
5 months agoPrice changed to $899,000
11 months agoStatus changed to Active
11 months agoListing first seen on site
General Features
Acres 
0.23
Building Features 
Sprinklers
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
10320
Utilities 
Natural Gas Connected
Water Source 
Public
Zoning 
Commercial, MultiFamily
Interior Features
Cooling 
Central Air
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
Frame
Roof 
Asphalt
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area29022Alma
School District 
Alma
Schools
School District
Alma
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of CENTURY 21 LEE-MAC REALTY: 9897373927



IDX provided courtesy of Realcomp II Ltd. via CentralMichiganAssociationofREALTORS. Copyright © 2025 Realcomp II Ltd. Shareholders.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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