For Sale
5705 N State Road, Alma, MI 48801
$375,000
MLS # 1922176 (Northern Great Lakes REALTORS® MLS)
Built 19703.45 acres
1 / 39
Listing 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.
Source: SparkMLS
About this home
Located in Alma, this property offers 4-bath, with original construction dating to 1970.
Listed at $375,000.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms4
Lot Size3.45 acres
Year Built1970
Location
CityAlma
Zip Code48801
CountyGratiot
Construction & Systems
HeatingForced Air, Wall Furnace
WaterPrivate Water
Sale & Financing
Listed5/12/2024
Original Price$675,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Cody Nevins
AMERICA'S CHOICE REALTY LLC
Frequently Asked Questions about 5705 N State Road, Alma, MI 48801
What financing options are available for 5705 N State Road, Alma, MI 48801?
Per MLS# 1922176, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
Is 5705 N State Road, Alma, MI 48801 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5705 N State Road, Alma, MI 48801 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Water: Private Water. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
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Monthly payment$2,432
Principal & interest$2,432
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5705 N State Road, Alma, MI 48801
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