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$174,000
Est. payment /mo
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Victorian
Listing Status Active
Purchase Type For Sale
Subdivision Original Town
MLS Listing ID 79080053164
Style Victorian
Originating Board Central Michigan Association of REALTORS®
Year Built 1970
Annual Tax Amount $4,266
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 69.5 x 110
Property Sub-Type Victorian
Property Description
Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.
Location
State MI
County Gratiot
Area Alma
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Steam
Fireplace no
Heat Source Natural Gas
Exterior
Porch Porch
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Victorian
Schools
School District Alma
Others
Pets Allowed Yes
Tax ID 5134459200
Ownership Corporate/Relocation
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Listed by Micah Kemler of 43 NORTH REALTY