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About This Home

This 0-bedroom, 0-bathroom commercial at 421 N State Street in Alma, MI is listed for $899,000 ($87 per sqft). Built in 1900, the home offers 10,320 sqft of living space on a 0.23 acres lot.

Agent 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.

Key Features

  • Built in 1900
  • 0.23 acre lot

Property Details

1900

Amenities

Basement

Monthly Cost Estimate

$4,808/mo

20% down · 6.5% · 30 years

Principal$650
Interest$3,896
Insurance$262

Estimates only. Actual payments may vary.

Location

421 N State Street

Alma, MI 48801

Property Details

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 421 N State Street is listed at $899,000 ($87/sqft). The estimated monthly payment is $3,896 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.23 acre lot.

This property is listed by Bob Fall and can be reached at 9897373927 or Bob@MyWiseCouncil.com.

BF

Bob Fall

Agent at CENTURY 21 LEE-MAC REALTY

(989) 737-3927

Listed by CENTURY 21 LEE-MAC REALTY · View on Broker Site

MLS# 1926845· Source: listhub· Updated 582 days ago

Copyright © 2026 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.

421 N State Street, Alma, MI 48801

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