Description
Investor opportunity on Almaâs 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 slateâ"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 $650â"$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!
Details
| MLS # | 80069394 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 97 |
| Listing Provided By | 43 NORTH REALTY | Micah Kemler |
Features
| Story(s) | 2 |
|---|---|
| Units | 2 |
| Zoning | Multi-Family,Residential |
| Acreage | 0.13 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air |
Exterior
| Exterior Features | Sidewalks |
|---|---|
| Foundation Details | Crawl |
Other
| List Aor | Central Michigan Association of REALTORS |
|---|
Taxes
| Property | 2656 |
|---|
Area Information
| State | MI |
|---|---|
| County | Gratiot |
| City | Alma |
| Zip Code | 48801 |
| Area | Alma (29017) |
| Community Name | City Of Alma |
| Listing VS Median (in City Of Alma) | |
Price: $50,043 low | high Med: $125,950 On site: 97 low | high Med: 150.5 | |
Market Activity 48801
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Learn More About This Property
| State | MI |
|---|---|
| County | Gratiot |
| City | Alma |
| Zip Code | 48801 |
| Area | Alma (29017) |
| Community Name | City Of Alma |
| Listing VS Median (in City Of Alma) | |
Price: $50,043 low | high Med: $125,950 On site: 97 low | high Med: 150.5 | |