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About This Home
This 0-bedroom, 0-bathroom residential multi family at 5705 N State Road in Alma, MI is listed for $440,000 ($171 per sqft). the home offers 2,579 sqft of living space on a 3.45 acres lot.
This 3.45-acre mixed-use property offers a unique investment opportunity with both steady residential and commercial rental income. It features four fully-rented apartment units, with a fifth unit nearing completion, as well as a newer 400-foot, 5-inch well.
The property also includes a commercial building with store frontage, office space, and a special-purpose 80x40 barn, built in 2011. Currently, a dog grooming business rents the commercial space on a month-to-month basis. Additionally, there is a 40x80 pole building, offering future potential for business expansion or storage use.
Conveniently located just off US-127, the property provides a prime location for business opportunities while maintaining consistent rental income from the residential units and commercial tenant. With a mix of residential and commercial space, along with room for further development, this property presents an excellent opportunity for investors looking for versatility and steady returns.
Key Features
- 3.45 acre lot
- 1 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,353/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5705 N State Road
Alma, MI 48801
Features & Amenities
Interior Features
Property Details
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 5705 N State Road is listed at $440,000 ($171/sqft). The estimated monthly payment is $1,907 based on 20% down at 6.5% interest.
Key features include: 3.45 acre lot, 1 parking spaces. Interior Features: Storage Space, Drywall.
This property is listed by Cody Nevins and can be reached at 9897638060 or codynevinsrealty@gmail.com.
