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$ 149,000
0.25 Acres Lot
$ 149,000
0.25 Acres Lot
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
MLS Listing ID 79080070643
Year Built 1949
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type MultiFamily
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 Area29022Alma
Rooms
Basement Block
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Alma
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition CorporateRelocation
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Listed by Micah Kemler of 43 NORTH REALTY
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