5705 N State Road, Alma, MI 48801

$275,000
: 4
BA
: 2,579
SqFt

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List Price: $275,000
Price Change: ▼ $100,000 1789428325
Days on Market: 874
Status: ACTIVE U/C TAKING BACKUPS
MLS#: 1922176
Bathrooms: 4
Living Area: 2,579
Lot Size (Acres): 3.45
Year Built: 1970

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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.

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Additional Information

Taxes: $10,882
Stories: 1
Interior Features: Storage, Drywall
Amenities: None
View: Countryside View
Heating: Forced Air, Wall Furnace, Natural Gas
Water: Private
Sewer: Private Sewer
School District: Alma Public Schools