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Jennifer D. Jennings
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421 State Street N, Alma, MI 48801

$899,000
  • 421 State Street N, Alma, MI 48801 Main Photo

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Active
MLS#1926845
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONMI

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.

421 State Street N | MLS# 1926845

This commercial property located at 421 State Street N, Alma, MI 48801 is currently listed for sale with an asking price of $899,000. Search Alma real estate on www.jdjrealtor.com today.

Property Features

Property Type: Commercial - Business
Basement: Full, Michigan Basement
Lot Size: 0.23 Acres
Roof Type: Asphalt
Year Built: 1900

Feature Descriptions

Business Included: No
Business Name: 101 W. Downie, LLc
Construction: Frame
Days on Site: 574
Exterior: Brick
Heating/Cooling: Forced Air, Central Air
Lot Dimensions: 0.23 Acre(s)
Parking: Assigned, Common, Street Parking
Real Estate Included: Yes
Road: Public Maintained
Sewer: Municipal
Water: Municipal Water
Waterfront Type: No

Listed By / Shown By

Listed By

Agency Name: CENTURY 21 LEE-MAC REALTY
Agency Phone: 989-463-6085

Shown By

Agent Name: Jennifer D. Jennings
Agent Phone: (989) 295-4680
Agency Title: Key Realty

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/02/2026. The listing information on this page last changed on 04/02/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/02/2026 12:02:47 AM EST) or MichRic (Michigan Regional Information Center) (last updated Wed 04/01/2026 11:17:37 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Wed 04/01/2026 11:34:31 PM EST) or NIRA MLS (last updated Wed 04/01/2026 11:05:58 PM EST) or RealComp MLS (last updated Thu 04/02/2026 12:00:45 AM EST) or Dayton MLS (last updated Wed 04/01/2026 11:46:41 PM EST) or NORIS MLS (last updated Wed 04/01/2026 11:14:18 PM EST) or IRES MLS (last updated Wed 04/01/2026 11:47:09 PM EST) or Colorado Real Estate Network IDX (last updated Wed 04/01/2026 7:07:19 PM EST) or CBRMLS (last updated Wed 04/01/2026 11:59:35 PM EST) or Multiple Listing Service of Greater Cincinnati (last updated Wed 04/01/2026 7:17:20 AM EST) or Terrehaute MLS (last updated Thu 04/02/2026 12:01:27 AM EST) or Pikes Peak REALTORR Services Corp (last updated Thu 04/02/2026 12:00:19 AM EST) or Stellar MLS (last updated Wed 04/01/2026 11:44:03 PM EST) or NKY MLS (last updated Wed 04/01/2026 11:28:27 PM EST) or Wrist MLS (last updated Wed 04/01/2026 11:24:23 PM EST) or Firelands MLS (last updated Wed 04/01/2026 11:11:47 PM EST) or LCAR MLS (last updated Wed 04/01/2026 10:50:10 AM EST) or West Central MLS (last updated Wed 04/01/2026 9:50:49 PM EST) or Fort Myers (last updated Wed 04/01/2026 11:04:35 PM EST) or Aspen/Glenwood Springs MLS (last updated Wed 04/01/2026 9:30:00 PM EST) or Northern Nevada Regional MLS (last updated Thu 04/02/2026 12:01:47 AM EST) or MLS NOW (last updated Wed 04/01/2026 11:57:31 PM EST) or Northern Great Lakes Association of Realtors (last updated Wed 04/01/2026 11:49:15 PM EST) or Mansfield MLS (last updated Wed 04/01/2026 11:47:17 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Wed 04/01/2026 11:51:23 PM EST) or Grand Junction MLS (last updated Wed 04/01/2026 11:37:15 PM EST) or Knox County MLS (last updated Wed 04/01/2026 11:08:16 PM EST) or IRMLS (last updated Wed 04/01/2026 11:12:29 PM EST) or Pueblo MLS (last updated Wed 04/01/2026 11:43:54 PM EST) or Upper Peninsula MLS (last updated Wed 04/01/2026 11:10:14 PM EST) or Greater Lansing MLS (last updated Wed 04/01/2026 10:37:25 PM EST) or SEBAR MLS (last updated Wed 04/01/2026 11:39:20 PM EST) or Water Wonderland MLS (last updated Tue 03/31/2026 10:52:45 PM EST) or Eastern Upper Peninsula MLS (last updated Wed 04/01/2026 11:59:11 PM EST) or Scioto Valley MLS (last updated Wed 04/01/2026 10:03:01 PM EST) or Northern Michigan MLS (last updated Wed 04/01/2026 9:35:49 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598



Agent License Information: 6501402331 Brokerage/Company License Number: MI-65-05366134

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