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
Baths0.0 Sq 741

Monthly Estimate*

$ 3,072

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Studio

Multi-Family Home for sale in Alma, MI

for $499,000. This 741 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

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
Ownership Private
Municipality Arcada Twp
Section 1
Zoning Multi-Family Commercial
Sale/Rent For Sale
Status Detail 0
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
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 619
Postal Code 48801
Price Per Sq Ft Total AG 673.41
Public Remarks 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
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Interior
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Lot Size Area 3.45
Lot Dimensions 200x200x99x460x264x396
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Cody Nevins

Listing Agent

America's Choice Realty Llc

Broker

codynevinsrealty@gmail.com

Email

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
1609007 Elementary School
1609005 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 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