5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
5705 N State Road, Alma, MI 48801
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 375,000
Est. payment | /mo

741 SqFt

Save
$ 375,000
Est. payment | /mo
Save

741 SqFt

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by AMERICA'S CHOICE REALTY LLC
Nearby Locations
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN 55432, USA

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5705 N State Road