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230 Ely Street Alma, MI 48801
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 80069394
Style 2 Story
Year Built 1959
Annual Tax Amount $2,656
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 58 x 96
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
County Gratiot
Area Alma (29017)
Zoning Multi-Family,Residential
Interior
Heating Forced Air
Building
Story 2 Story
Foundation Crawl
Water Public Water
Schools
School District Alma Public Schools
Others
Ownership Corporation
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by 43 NORTH REALTY
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