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$ 645,000
Est. payment /mo
Active
5705 N State Alma, MI 48801
3.45 Acres Lot
UPDATED:
10/30/2024 08:57 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Arcada Twp
Subdivision Arcada Twp
MLS Listing ID 80017526
Originating Board MiRealSource
Year Built 1970
Lot Size 3.450 Acres
Acres 3.45
Lot Dimensions 200x200x99x460x264x396
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
Location
State MI
County Gratiot
Rooms
Basement Slab
Interior
Heating Forced Air, Wall Furnace
Cooling Wall Unit(s)
Exterior
View Y/N No
Others
Acceptable Financing Cash
Listing Terms Cash
Listed by AMERICA'S CHOICE REALTY LLC