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Alma,MI 48801
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Accepting Backup Offers
Purchase Type For Sale
Square Footage 1,075 sqft
Price per Sqft $153
Subdivision Assessor Plat 1
MLS Listing ID 79080014558
Style Duplex
Originating Board Central Michigan Association of REALTORS®
Year Built 1900
Annual Tax Amount $1,247
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 36 x 67
Property Description
This well maintained duplex is an ideal investment in a coveted locale! Located a mere blocks from Alma College and downtown, this multifamily boasts two units, each featuring two bedrooms and one bathroom. Perfect for investors or homeowners seeking passive rental income, both units offer generous kitchens and living rooms for comfort and entertainment. What sets this property apart is the rare inclusion of in-unit washer and dryer setups behind the kitchen, enhancing appeal and tenant retention. With a total gross income of $2400 per month and tenants responsible for utilities, it's a lucrative opportunity for long-term rental portfolios. The asking price more than covers the 1% rule for investment property. Occupying one unit while renting the other allows savvy investors to offset mortgage costs and build equity. Seize the chance to own prime real estate in this sought-after area. 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, 607 Wright, 611 Wright, 308 Park, 314 Park, 318 Park, and 231 N Lincoln. When you schedule a showing with your agent, please allow at least 24 hours notice for showing requests to allow for giving the tenants sufficient notice.
Location
State MI
County Gratiot
Area Alma
Zoning Multi-Family,Residential
Interior
Hot Water Natural Gas
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Garage no
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Duplex
Level or Stories 2 Story
Schools
School District Alma
Others
Pets Allowed Yes
Tax ID 295103100600
Ownership Corporate/Relocation
Acceptable Financing Cash,FHA,USDA Loan (Rural Dev),VA,Trade/Exchange
Listing Terms Cash,FHA,USDA Loan (Rural Dev),VA,Trade/Exchange
Financing Cash,FHA,USDA Loan (Rural Dev),VA,Trade/Exchange