Property
$899,0000.23 Acres10,320 sq ft
For Sale
For Sale
$899,0000.23 Acres
For Sale
10,320 sq ft

421 N State Street, Alma, MI 48801 - Gratiot County

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Property ID 21410023

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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.

Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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CENTURY 21 LEE-MAC REALTY

License #6501436188

ALMA, MI

(989) 737-3927
Listing provided by
Bob Fall
CENTURY 21 LEE-MAC REALTY(989) 463-6085
Source: ListHub, MLS# 1926845
Listing status: Active
Listing last updated: September 5, 2024 at 5:32 PM
Listing last checked: December 11, 2025 at 3:30 PM
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Bob Fall

CENTURY 21 LEE-MAC REALTY
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Bob Fall

CENTURY 21 LEE-MAC REALTY