5705 N State Road Alma, MI $ 499,000
5705 N State Road
$ 499,000
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5705 N State Road

Alma, MI, 48801
$ 499,000
Bedrooms6 Baths4.0 Sq 2,579

Monthly Estimate*

$ 3,113

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Multi-Family Home for sale in Alma, MI

for $499,000 with 6 bedrooms and 4 full baths. This 2,579 square foot home was built in 1970 on a lot size of 3.45.

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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Multi-Family Active

Price

$ 499,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,202

Style

1 Story

Lot Size

3.45

Year Built

1970

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

1922176

Features
General
Roof Asphalt
Zoning Multi-Family Commercial
Sewer Private Septic
Construction Frame
School District Alma Public Schools
Energy Efficient Not Applicable
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Interior
Basement Slab
Interior Features Storage Space Drywall
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Exterior
Exterior Features Countryside View
Water Features None
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* Excluded Features
List By
America's Choice Realty Llc

Broker

(989) 763-8060

Phone

Affordability Calculator

$3,963
Per Month
79%
21%
0%
Monthly Principal & Interest
$3,113
Monthly Property Taxes
$850
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
2034338 Elementary School
2034404 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2025$499,000 -13.22% Price Down
1/22/2025$575,000 -10.85% Price Down
7/9/2024$645,000 -4.44% Price Down
5/13/2024$675,000 Listed Price

Map


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5705 N State Road, Alma, MI, 48801 is a Multi-Family Home for sale at $499,000 with 2,579 sqft and a lot size of 3.45. 5705 N State Road has 6 bedrooms, 4.0 baths, and was built in 1970. The property's zip code is 48801 which is in Alma, MI