Alma MI Multi Family for Sale
$119,000
119 W Downie Alma, MI 48801
- Type:
- Multi-Family
- Sq.Ft.:
- 1,158
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- 80052066
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Turnkey Duplex in Prime Downtown Alma Location Ideal for investors, this turnkey 2-story duplex comes with two long-term tenants already in place. The downstairs tenant pays $825 monthly, while the upstairs tenant pays $600 plus an additional $150 monthly for utilities. The landlord covers all utilities and handles lawn care. Located in the heart of downtown Alma, this charming property features exposed beam ceilings, beautiful wood floors in both units, and a cozy covered porch. Recent updates include a new steam boiler installed in 2024, adding modern efficiency to this classic home. Don�t miss this exceptional opportunity to own a ready-to-go and already cash flowing rental in a highly desirable area!
$84,000
521 Richmond Alma, MI 48801
- Type:
- Multi-Family
- Sq.Ft.:
- 802
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- 80052058
- Subdivision:
- GARGETT ADDITION
ADDITIONAL INFORMATION
Turnkey 2-Story Duplex with Strong Rental History Great investment opportunity! This well-maintained 2-story duplex has a solid rental history with one unit upstairs and another on the first story. The current downstairs tenant pays $700 per month, while the upstairs tenant pays $585. Each tenant handles their own water, sewer, trash, electric, and natural gas utilities, making it an easy property to manage. Landlord is responsible for lawn care and snow removal. There is a 2-car detached garage for landlord storage, or a possible additional income source to be rented for the new owner. The property boasts a cozy covered porch, and benefit from recent upgrades, including new water heaters and electrical panels installed in 2023. The property is being sold subject to tenants� rights, and the seller is a licensed real estate broker in the State of Michigan. Don�t miss this opportunity to add a dependable income property to your portfolio!
$170,000
601 Wright Alma, MI 48801
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.45 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- 79080011421
- Subdivision:
- Scottish Heights
View additional info
Courtesy: 43 NORTH REALTY
989-463-1219
ADDITIONAL INFORMATION
Welcome to this fantastic investment opportunity adjacent to Alma College! This charming triplex offers three one-bedroom, one-bathroom units, each with its own private entrance for added convenience and privacy. These units are highly desirable thanks to their easy access to the College, downtown dining, and uptown commerce. Ample off-street parking and in-unit washer and dryers for the downstairs units increases convenience and reduces tenant turnover. This property generates a gross monthly rent of $3,000, making this property an excellent return on investment. Don't miss out on this chance to own a valuable piece of real estate in a sought-after area. Schedule a showing with your favorite agent today! Price reduced because the parcel is in the process of division with easments added. This home is part of a portfolio of 8 of rental properties that can be purchased as a package. Please also see listings for 607 Wright, 611 Wright, 308 Park, 314 Park, 318 Park, 325 Park, and 231 N Lincoln.
$170,000
607 Wright Alma, MI 48801
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.45 Acres
- Year built:
- 1890
- Baths:
- MLS#:
- 79080011407
- Subdivision:
- Scottish Heights
View additional info
Courtesy: 43 NORTH REALTY
989-463-1219
ADDITIONAL INFORMATION
This spacious duplex, nestled on over half an acre next to Alma College, offers an ideal opportunity for dual living. The main floor boasts 4 bedrooms, 1 bathroom, a generous kitchen, and a sizable living room. Additionally, there's a basement and laundry room for convenience. Upstairs, you'll find a cozy 1-bedroom, 1-bathroom unit. Live in one, rent the other, and generate $2,200 in monthly income ($1,500 for the main floor, $700 for upstairs). This investment potential can help cover your living expenses while residing in a prime location. Don't miss out on this smart real estate opportunity - schedule a viewing today! Price adjusted to reflect that the parcel is being divided and easments added. This home is part of a portfolio of 8 of rental properties that can be purchased as a package. Please also see listings for 601 Wright, 611 Wright, 308 Park, 314 Park, 318 Park, 325 Park, and 231 N Lincoln.
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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. This IDX information is from the IDX program of RealComp II Ltd. and is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and Realcomp II Ltd., copyright 2024 Realcomp II Ltd. Shareholders.
Alma Real Estate
The median home value in Alma, MI is $160,000. This is higher than the county median home value of $133,200. The national median home value is $338,100. The average price of homes sold in Alma, MI is $160,000. Approximately 50.89% of Alma homes are owned, compared to 41.29% rented, while 7.83% are vacant. Alma real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Alma real estate agent to arrange a tour today!
Alma, Michigan has a population of 9,426. Alma is less family-centric than the surrounding county with 21.2% of the households containing married families with children. The county average for households married with children is 26.14%.
The median household income in Alma, Michigan is $39,898. The median household income for the surrounding county is $53,347 compared to the national median of $69,021. The median age of people living in Alma is 32.4 years.
Alma Weather
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 32.9 inches per year, with 41.6 inches of snow per year.