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5705 N State Rd

Alma MI 48801

741 sq. ft.
3.45 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

741 sq. ft. floor area
3.45 ac. lot size
Multi-Family

Happy sellers in Alma

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We have insufficient information to provide an overview of customer satisfaction for Alma. Viewing the agent profiles, reviews and sales for Alma can provide insights for this location.

Local market activity for multi families in Alma

In the last 12 months, 7 multi families similar to 5705 N State Rd, have been sold.

This represents a 75% decrease in multi families sales when compared to the previous 12 months.

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