39
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$375,000
Est. payment /mo
741 SqFt
Price Dropped by $65K
5705 N State Road Alma, MI 48801
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 741 sqft
Price per Sqft $506
Subdivision Mi
MLS Listing ID 80017526
Style 1 Story
Year Built 1970
Annual Tax Amount $10,882
Lot Size 3.450 Acres
Acres 3.45
Lot Dimensions 200x200x99x460x264x396
Property Sub-Type Multi-Family
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 Arcada Twp (29001)
Zoning Multi-Family,Commercial
Interior
Heating Wall Heat, Forced Air
Cooling Wall/Window A/C
Appliance Range/Oven, Refrigerator
Building
Story 1 Story
Foundation Slab
Water Private Well
Schools
School District Alma Public Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by AMERICA'S CHOICE REALTY LLC
Nearby Locations
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