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$149,000
Est. payment /mo
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 80070643
Style 2 Story
Year Built 1949
Annual Tax Amount $2,024
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 66 x 165
Property Sub-Type Multi-Family
Property Description
Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!
Location
State MI
County Gratiot
Area Alma (29017)
Zoning Multi-Family
Rooms
Basement Block
Interior
Interior Features Window Treatment(s)
Heating Wall Heat, Forced Air
Cooling Wall/Window A/C
Appliance Range/Oven, Refrigerator
Exterior
Exterior Feature Aluminum
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Aluminum
Schools
School District Alma Public Schools
Others
Ownership Corporation
Energy Description Natural Gas
Financing Cash
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Listed by 43 NORTH REALTY
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