7 months on rocket

5705 N State Rd, Alma, MI, 48801

$645,000

Home List Price

$7,659*

Closing Credit

4 Baths
2,579 SqFt
$250/SqFt
House

Location

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5705 N State Rd, Alma$645,000

Buyer Closing Credits

$7,659*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingOne Car
Garage1 space
Year Built1970
HeatingForced Air, Wall Furnace
WaterfrontNone
FireplaceNone
MLS #1922176
Lot Size3.45 Acres
StatusActive

About 5705 N State Rd

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.

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Story
  • Year Built: 1970
  • Living Area: 2,579 SqFt

Listing Office:

  • Office Name: AMERICA'S CHOICE REALTY LLC
  • Office Phone: (989) 763-3555
  • Listing Agent: Dianne Beard

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range
  • Interior: Storage Space, Drywall
  • Fireplace: None

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Countryside View, Vinyl Siding

Parking Information:

  • Garage Space: 1 space
  • Parking: One Car

Lot Features

Lot Information:

  • Lot Size: 3.45 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Wall Furnace

Other

Directions Information:

  • Directions: JUST SOUTH OF LINCOLN ROAD AND STATE ROAD INTERSECTION.

Price Information

Listing Price Info

Price Summary:

  • List Price: $645,000
  • Price Per SqFt: $250/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

5705 N State Rd vs Alma

219 DAYS ON ROCKET

+164 Days

$645,000

+$477.7K More

$250/SqFt

+$144 More

KEY TAKEAWAY

This property is $477.7K more than the Median Sold Price and $144/SqFt more than other homes in Alma, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CMIAR
  • MLS Number: #1922176

Listing Office:

  • Office Name: AMERICA'S CHOICE REALTY LLC
  • Office Phone: (989) 763-3555
  • Listing Agent: Dianne Beard

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: 12/18/2024, 3:20:56 PM 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 - $113,100
2020 - $134,900
2019 - $156,500
2018 - $155,500
2017 - $151,400

History based on county public records data.

Payment Calculator

$3,287

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,000

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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-24748
3
/10

  • Eugene M Nikkari Elementary School

  • 301 W State St

  • 1.74 miles

  • Public District Grades 3-5

school-card-donut-24749
4
/10

  • Hillcrest Elementary School

  • 515 E Elizabeth St

  • 2.41 miles

  • Public District Grades 2-3

school-card-donut-24750
3
/10

  • Pine Avenue Elementary School

  • 1025 Pine Ave

  • 2.69 miles

  • Public District Grades 4-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,935. The majority of Alma, MI residents have income between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5705 N State Rd

What is the listing price of this property?

The listing price of 5705 N State Rd property is $645,000.

What type of property is this?

The property 5705 N State Rd is a house located in Alma, Michigan, 48801.

Is this property for sale now?

Active Listing: 5705 N State Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5705 N State Rd has 4 bathrooms..

What is the square footage of this property?

The property 5705 N State Rd is 2,579 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5705 N State Rd is 1970.

Rocket Homes›Michigan›Gratiot County›Alma›48801›5705 N State Rd

This home is located at 5705 N State Rd in Alma, MI and zip code 48801. This 2,579 square foot home, which was built in 1970, sits on a 3.45 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $645,000.

In November 2024 more than 2 listings in Alma, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below. The number of homes for sale in Alma, MI decreased by 5.5% between October 2024 and November 2024. 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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