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Listed by 43 NORTH REALTY
$149,000
Est. payment /mo
4 Baths
1,290 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,290 sqft
Price per Sqft $115
MLS Listing ID 1947570
Year Built 1949
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Multi Family
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
Rooms
Basement Unfinished
Interior
Interior Features None, Cable TV, High Speed Internet
Heating Forced Air, Wall Furnace, Natural Gas
Fireplaces Type None
Fireplace false
Appliance Refrigerator, Oven/Range
Exterior
Community Features None
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Story Two
Foundation Block
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456