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Listed by 43 NORTH REALTY
$50,043
Est. payment /mo
3,720 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $13
MLS Listing ID 1946299
Year Built 1959
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Multi Family
Property Description
Investor opportunity on Alma's south side! This top/bottom duplex offers strong potential for the right buyer looking to renovate and build equity. The property experienced a recent fire, leaving the interior as a blank slate—perfect for customizing finishes and layout to your own vision. Each unit is designed as a 2-bedroom, 1-bath, with market rents estimated between $650–$750 per month per unit once completed. With approximately 3,720 total square feet, there is plenty of space to create a solid income-producing property. Located just south of downtown Alma, this property is close to shopping, dining, and everyday conveniences, making it an attractive option for future tenants. This property will require full rehabilitation and proper permitting. Due to the condition, all potential buyers must sign a hold harmless agreement prior to entry. Seller is offering a $10,000 credit to the buyer, to be held in escrow and released upon completion of at least 50% of the reconstruction. Bring your vision and turn this property into a strong addition to your investment portfolio!
Location
State MI
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Natural Gas
Fireplaces Type None
Fireplace false
Appliance None
Exterior
Exterior Feature Sidewalk
Community Features None
Waterfront Description Public
Roof Type Asphalt,Metal
Garage false
Building
Story Two
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456