Great income opportunity! This Duplex features on the main level a 2-bedroom 1 bath unit with a back deck area looking over the large back yard. Upper-level unit features 1 bedroom 1 bath with a large living room and kitchen. Both units are currently rented on a month-to-month basis for a total of $1025/month. Updates include: metal roof, vinyl siding, hot water heater and 2 new windows.
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.
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.
The median home value in Alma, MI is $163,250. This is higher than the county median home value of $89,500. The national median home value is $219,700. The average price of homes sold in Alma, MI is $163,250. Approximately 52.64% of Alma homes are owned, compared to 39.64% rented, while 7.71% 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 9,108. Alma is less family-centric than the surrounding county with 23.74% of the households containing married families with children. The county average for households married with children is 26.39%.
The median household income in Alma, Michigan is $33,090. The median household income for the surrounding county is $42,256 compared to the national median of $57,652. The median age of people living in Alma is 30.7 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 32.8 inches per year, with 39.5 inches of snow per year.