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
Baths4.0 Sq 2,579

Monthly Estimate*

$ 3,072

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Studio

Multi-Family Home for sale in Alma, MI

for $499,000 with 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

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,202

Style

Lot Size

3.45

Year Built

1970

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

1922176

Features
Interior
Interior Amenities Storage Drywall
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Entry Level 1
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
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General
Sewer Private Sewer
Heating Forced Air Wall Furnace Natural Gas
Possession Close Of Escrow
Roof Asphalt
Appliances Refrigerator Oven/Range
Construction Materials Frame Vinyl Siding
Pets Allowed false
Year Built 1970
View Countryside View
Stories Count 1
Township Arcada
Levels One
Property Subtype Multi Family
Tax Year 2023
Waterfront Features None
Community Features None
Accessibility Accessible Entrance
Assoc Fee Paid Per Annually
County Gratiot
New Construction N
Property Type Residential Income
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name NONE
Garage Y/N N
Green Water Conservation Not Applicable
Other Structures Pole Building(s)
Rent Includes Exterior Maintenance
Status Active
Directions JUST SOUTH OF LINCOLN ROAD AND STATE ROAD INTERSECTION.
City Alma
High School District Alma Public Schools
Zoning Description Multi-Family Commercial
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 150282
Carport Y/N N
Tax Annual Amount 10202.13
Home Warranty Y/N N
Ok to Lease Month To Month 12 Months
Lease Renewal Y/N Y
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Alma Public Schools
Elementary School District Alma Public Schools
Tax Assessed Value 216197
Total Actual Rent 2175
Ownership Type Private Owner
Leasehold Rent $/Mo 500
Lease Amount Frequency Annually
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 OF THE
Freehold IDX
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Exterior
Parking Features One Car
Water Source Private
Lot Size Area 3.45
Foundation Details Slab
Number of Buildings 2
Spa Y
Lot Dimensions 200x200x99x460x264x396
Lot Size Acres 3.45
Road Surface Type Asphalt
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
America's Choice Realty Llc

Broker

989-763-8060

Contact

Affordability Calculator

$3,923
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$850
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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

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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 is a studio with 4.0 baths and was built in 1970. The property's zip code is 48801 which is in Alma, MI