421 N State Street, Alma, MI 48801
sale
$1,000,000
|
Commercial-Other
Listed By CENTURY 21 Lee-Mac Realty
605 W. Warwick Drive, Alma, MI 48801
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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Property Features
- Basement: Full
- Building Area: 10320.00 SF
- Cooling: Central A/C
- Cross Docks: N
- Exterior Description: Brick
- Exterior Description: Wood Frame
- For Auction: N
- Heating - Fuel Type: Gas
- Heating Type: Forced Air
- Industrial Ground Level: N
- Lot Description: Corner
- Lot Size In Text: 10018.8 Sq. Ft.
- MLSID: 1926845
- Parking Places: 0
- Price Per Area: 96.90
- Price Upon Request: N
- Rail: N
- Roof: Asphalt / Fiberglass
- Roof: Asphalt Shingle Roof
- Sewer: Public
- Sprinklers: N
- Style: Other Style
- Sublease: N
- Water: Municipal Water
- Year Built: 1900
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