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Sold on 08/26/2022
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521 State St, Algonac, MI 48001

  • $778,932

    Last sold 08/26/2022 for $400K

  • 16

    bed

  • 12

    bath

  • 7,552

    Sqft ($53/Sqft)

Multi-family not for sale
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About 521 State St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 0.41 Acre
Movoto estimate
Property description
Twelve unit Multi-Family building featuring (Eight) One bedrooms units & (Four) Two bedroom units. Eight of the Twelve units have been updated. Newer roof & mechanicals. Algonac is a great location for rentals with a demanding market and low inventory of availability. Current owner has always been proactive on maintenance & repairs. Do not miss this opportunity on a great income producing asset.
Listed by
Listing Agent - Ron Trombetti
Listing Agent Contact: (586) 532-0500
Listing Office - Keller Williams Lakeside
Source: Realcomp mls logo
MLS#2220032279 • last updated 1 year ago
Movoto checked Realcomp for data 8 minutes ago
Interior
Cooling/AC Wall Unit(s), Window Unit(s)
Heating Forced Air
Levels/Style 2 Story, Upper/Lower Apartment
# Full Baths 12
Basement Unfinished
Exterior
Foundation Block, Basement
Construction Brick
Roof Asphalt
Location
Subdivision ASSESSORS PLAT NO 1-ALGONAC
APN 74011110012000
Directions North Side Of Pointe Tremble & East Side Of State St.
Zoning Multi-Family
Multifamily Details
Rent Includes Water/Sewer, Snow Removal, Water, Yard Maintenance
# Units Leased 10
Gross Scheduled Income 84000
Net Operating Income 52998.34
Income Projection Actual
Monthly Rental Income 7045
Lot/ Land Details
Road Frontage Paved
  • Aug 2022
    mls logo MLS # 60091736
  • Aug 30, 2022 Sold
    $400,000
  • Aug 29, 2022 Pending
    —
  • Aug 4, 2022 Accepting Backup Offers
    —
  • May 3, 2022 Listed
    $624,900
  • Aug 2022
    mls logo MLS # 2220032279
  • Aug 30, 2022 Sold
    $400,000 (-36.0%)
  • Aug 29, 2022 Pending
    —
  • Aug 4, 2022 Accepting Backup Offers
    —
  • Aug 2, 2022 Listed
    —
  • Jul 26, 2022 Accepting Backup Offers
    —
  • May 8, 2022 Pending
    —
  • May 3, 2022 Listed
    $624,900

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Nearby homes for sale in Algonac, MI

  • Real Estate
  • MI
  • Saint Clair County
  • Algonac
  • 48001
  • 521 State St
$778K
Range: $701K-$856K
Last 30 days 

Nearby recently sold homes in Algonac, MI

  • 521 State St
    $400K
  • Algonac
    —
  • 48001
    $384K +4% y/y
  • Algonac
    $364K 0% y/y
No chart available
Statistics calculated by Movoto
5/10
Algonac High School
public Grades 7-12
Algonac Community School District
Source: GreatSchools.org © 2026. All rights reserved.
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