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$ 189,000
Est. payment /mo
Active
426 N State Street Alma, MI 48801
7,840 Sqft Lot
UPDATED:
12/25/2024 10:02 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 80053164
Year Built 1970
Annual Tax Amount $4,266
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 69.5 x 110
Property Description
Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.
Location
State MI
County Gratiot
Area Alma (29017)
Zoning Commercial
Rooms
Basement Poured
Interior
Heating Steam
Fireplaces Type Wood Stove
Appliance Range/Oven, Refrigerator
Exterior
Parking Features Attached Garage
Building
Water Public Water
Schools
School District Alma Public Schools
Others
Ownership Corporation
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by 43 NORTH REALTY