5705 N State Road Alma, MI ^$ 675,000

5705 N State Road

^$ 675,000

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Recently Listed

5705 N State Road

Alma, MI, 48801

^$ 675,000

Studio Baths0.0 Sq 741

Monthly Estimate*

^$ 4,486

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Studio

Multi-Family Home for sale in Alma, MI

for $675,000. This 741 square foot home was built in 1970 on a lot size of 3.45.

This 4 unit rental with a 5th rental to be finished has steady rental income. Newer 400 ft. 5 inch well. The property also includes a commercial business building with store frontage, office space and a special purpose 80 x 40 barn that was built in 2011.Currently there is a dog grooming business rental on the property that is being rented month to month.

Multi-Family Active

Price

^$ 675,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 10,202

Style

Lot Size

3.45

Year Built

1970

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

80017526

Features

General

Heating Wall Heat Forced Air

Cooling Wall/Window A/C

Possession At Close

Water Private Well

Appliances Range/Oven Refrigerator

Status Active Active

Year Built 1970

Subdivision NONE MI

County Gratiot

Class MULTIFAMILY

Type Multi-Family

Municipality Arcada Twp

Section 1

Zoning Multi-Family Commercial

Structure Style 1 Story

Area Arcada Twp (29001)

Primary City Alma

Directions JUST SOUTH OF LINCOLN ROAD AND STATE ROAD INTERSECTION.

City Alma

School District Alma Public Schools

Street Name State

Financial Terms Cash

Legal Description COM 16 RDS N OF SE COR OF NE 1/4 OF NE 1/4 TH W 200 FT N 6 RES E 200 FT S 6 RDS TO POB ALSO AT THE SE COR OF THE NE 1/4 OF THE NE 1/4 TH W 40 RDS N 16 RDS E 40 RDS S 16 RDS TO BEG EX S 165 FT

DOM 9

Postal Code 48801

Price Per Sq Ft Total 910.93

Coming Soon This 4 unit rental with a 5th rental to be finished has steady rental income. Newer 400 ft. 5 inch well. The property also includes a commercial business building with store frontage

Interior

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Lot Size Area 3.45

Lot Dimensions 200x200x99x460x264x396

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Dianne Beard

Listing Agent

America's Choice Realty Llc

Broker

dianne.beard.realtor@gmail.com

Affordability Calculator

$5,336

Per Month

Monthly Principal & Interest: $4,486
Monthly Property Taxes: $850
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Alma, MI

Average List Price ^$281,225

Percent of Sale Price 58%

About Alma, MI

9,004 Population

-3% Since 2002

^$35,817 Median Income

31.88 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1609007 Elementary School

1609005 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/13/2024	$675,000		Listed Price

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5705 N State Road, Alma, MI, 48801 is a Multi-Family Home for sale at $675,000 with 741 sqft and a lot size of 3.45. 5705 N State Road is a studio with 0.0 baths and was built in 1970. The property's zip code is 48801 which is in Alma, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5705 N State Road

Multi-Family Home for sale in Alma, MI

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