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For sale
  • Price cut: $5K (3/28)
    $174,000

    426 N State St, Alma, MI 48801

    --beds
    5baths
    2,800sqft
    : 
    Multi Family
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $62/sqft
    $-- HOA

    What's special

    Low-maintenance metal roofMain living spaceCozy kitchen
    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.
    125 days
    on Zillow
    |
    334
    |
    11
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 30, 2025 at 11:09pm

    Listed by:

    Micah Kemler,

    43 NORTH REALTY 989-463-1219

    Source: NGLRMLS,MLS#: 1929756MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 426 N State St.

    Next available tour time:Today at 11:30am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 5
    Heating
    • Steam, Natural Gas
    Appliances
    • Included: Refrigerator, Oven/Range, Gas Water Heater
    Features
    • None, Cable TV, High Speed Internet
    • Has fireplace: Yes
    • Fireplace features: Stove
    Interior area
    • Total interior livable area: 2,800 sqft

    Property

    Parking
    • Parking features: Attached
    Accessibility
    • Accessibility features: None
    Features
    • Levels: 2+ Stories
    • Stories: 2
    • Patio & porch: Covered
    • Exterior features: Rain Gutters
    • Waterfront features: None
    Lot
    • Size: 7,840.8 Square Feet
    • Dimensions: 69.5 x 110
    Details
    • Additional structures: None
    • Parcel number: 51-344-592-00
    • Zoning description: Commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame, Vinyl Siding
    • Foundation: Poured Concrete
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1970
    • Major remodel year: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: None
    • Subdivision: ORIGINAL TOWN
    Location
    • Region: Alma

    Financial & listing details

    • Price per square foot: $62/sqft
    • Tax assessed value: $63,207
    • Annual tax amount: $4,266
    • Price range: $174K - $174K
    • Date on market: 12/21/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership type: Corporation
    • Lease term: Month To Month,12 Months
    • Total actual rent: 2750
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