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Alma,MI 48801
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,320 sqft
Price per Sqft $96
Subdivision Alma
MLS Listing ID 79080050334
Originating Board Central Michigan Association of REALTORS®
Year Built 1900
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions See Associated Docs.
Property 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.
Location
State MI
County Gratiot
Area Alma
Zoning Commercial,Multi-Family
Interior
Heating Forced Air,Central Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame
Schools
School District Alma
Others
Tax ID 5134481200
Ownership Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings