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$ 499,000
Est. payment /mo
Active
5705 N State RD Alma, MI 48801
741 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 741 sqft
Price per Sqft $673
MLS Listing ID 79080017526
Year Built 1970
Lot Size 3.450 Acres
Acres 3.45
Property Sub-Type MultiFamily
Property Description
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.
Location
State MI
County Gratiot
Area Area29061Arcadatwp
Interior
Heating ForcedAir, NaturalGas, WallFurnace
Cooling WallWindowUnits
Exterior
View Y/N No
Building
Foundation Slab
Sewer SepticTank
Water Well
New Construction No
Schools
High Schools Alma
School District Alma
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Cody Nevins of AMERICA'S CHOICE REALTY LLC
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