230 Ely St

Alma, MI 48801
  • $50,043

    Price
  • 0.13

    Acre

About the Listing 79000000071442 - 79000000584948

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 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!

Listing Highlights

Status Active With Contingency
Days on Site 111
Property Type Multi-Family
MLS ® 79080069394
Year Built 1959
Lot/Acreage 0.13
County Gratiot
Neighborhood City of Alma
Area Alma
School District Alma

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: Forced Air,Natural Gas
  • Fireplaces:
  • Floor:
  • Basement: Crawl
  • Other: 2 Story,Forced Air
  • Water: Public (Municipal)

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 58 x 96
  • Zoning: Multi-Family,Residential
  • Roof:
  • Others:
  • Sewer: Sewer (Sewer-Sanitary)

Financial Details

  • Tax Amount: $2,656
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 5103154700
  • Tax Year: N/A

Payment Calculator

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Questions About..

230 Ely St Alma, MI 48801

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Originating MLS: Central Michigan Association of REALTORS®

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Terri Fenelon

Realtor/Associate Broker | Terri Fenelon Real Estate Group | Real Broker, LLC

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