Listing Detail

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.

Listing Details:

Price:
$899,000
MLS#:
1926845
Address:
421 N State Street
Alma

Property Information:

Subdivision:
Alma
School District:
 
Township:
City of Alma
County:
Gratiot
Taxes:
 
Special Assess:
Condo:
Annual Assn Fee:
Lot Number:
Section:
34
Acres:
0.23
Lot Dimensions:
See Associated Docs.
Water Frontage:
Access:

Additional Information:

Type:
Mixed Use
Zoning:
Multi-Family, Commercial
Construction:
Frame
Roof:
Asphalt
Floor Type:
Location:
Corner Lot
Road Frontage:
Public Maintained
Basement:
Full, Michigan Basement
Heating/Cooling Source:
Natural Gas
Heating/Cooling Type:
Forced Air, Central Air
Water/Waste:
Municipal Water / Municipal
Extras:
Sprinkler System
Licenses:
None
Full-Time Employees:
Listing is courtesy of CENTURY 21 LEE-MAC REALTY 989-463-6085