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426 N State St, Alma, MI, 48801

$189,000

Home List Price

$2,244*

Closing Credit

5 Baths
2,800 SqFt
$68/SqFt
House

Location

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426 N State St, Alma$189,000

Buyer Closing Credits

$2,244*

1.25% Loan Amount

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Property Highlights

ParkingAttached
Attached GarageYes
Year Built1970
HeatingSteam
WaterfrontNone
FireplaceStove
MLS #1929756
Lot Size0.18 Acres
StatusActive
(New)

About 426 N State St

Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.

Property Details

Property Features

Property Information:

  • Architectural Style: 2+ Stories, Victorian
  • Year Built: 1970
  • Living Area: 2,800 SqFt

Listing Office:

  • Office Name: 43 NORTH REALTY
  • Office Phone: (989) 463-1219
  • Listing Agent: Micah Kemler

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Gas Water Heater
  • Interior: None
  • Fireplace: Stove

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Covered Porch, Gutters, Vinyl Siding

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Steam

Other

Directions Information:

  • Directions: North on State, house on East side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $189,000
  • Price Per SqFt: $68/SqFt
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Housing Market Comparison

See how this home compares to others in Alma, MI.

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Alma, MI

City

Med. Sold Price

$167.2K

Med. Price/SqFt

$106

Avg. Days On Market

55

# of Sold Homes

7

426 N State St vs Alma

1 DAY ON ROCKET

-54 Days

$189,000

+$21.7K More

$68/SqFt

-$38 Less

KEY TAKEAWAY

This property is $21.7K more than the Median Sold Price and $38/SqFt less than other homes in Alma, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CMIAR
  • MLS Number: #1929756

Listing Office:

  • Office Name: 43 NORTH REALTY
  • Office Phone: (989) 463-1219
  • Listing Agent: Micah Kemler

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $65,400
2020 - $63,200
2019 - $56,400
2018 - $62,800
2017 - $45,800

History based on county public records data.

Payment Calculator

$1,011

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$633

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-840332
3
/10

  • Pine Avenue Elementary School

  • 1025 Pine Ave

  • 0.63 miles

  • Public District Grades 4-5

school-card-donut-840333
4
/10

  • Hillcrest Elementary School

  • 515 E Elizabeth St

  • 0.71 miles

  • Public District Grades 2-3

school-card-donut-840334
3
/10

  • Eugene M Nikkari Elementary School

  • 301 W State St

  • 2.97 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,083. The most common annual income of people living in Alma, MI is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 426 N State St

What is the listing price of this property?

The listing price of 426 N State St property is $189,000.

What type of property is this?

The property 426 N State St is a house located in Alma, Michigan, 48801.

Is this property for sale now?

Active Listing: 426 N State St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 426 N State St has 5 bathrooms..

What is the square footage of this property?

The property 426 N State St is 2,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 426 N State St is 1970.

Rocket Homes›Michigan›Gratiot County›Alma›48801›426 N State St

This home is located at 426 N State St in Alma, MI and zip code 48801. This 2,800 square foot home, which was built in 1970, sits on a 0.18 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since December 21, 2024 and is currently priced at $189,000.

Alma, MI housing market in November 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 4 sold below. Between October 2024 and November 2024, Alma, MI real estate market has seen decrease in the number of listings by 5.5%. While the average time on the market in November 2024 was 55 days, the median list price was $167,250.

From Rocket Homes Real Estate and based on county public records data.

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