230 Ely Street, Alma City, MI 48801
CITY OF ALMA · Gratiot County
Key Facts
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 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!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Duplex
Year Built
1959
Lot Size
0.13 acres
Lot Dimensions
58 x 96
Days on Market
4
MLS® Listing#
79080069394
Property Features
Cooling
Heating
Basement
Patio
Community
Sewer
Water Source
Financial Details
Annual Taxes
$2,656
Assessed Value
$42,686
Parcel Number
5103154700
Affordability Calculator
$10,009
Estimated monthly payment
$266/mo
Principal $40,034 · Est. interest $55,852 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Alma City, MI
- $234,119
- Median Listing Price
- 61
- Median Days on Market
- 1,488
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 13,377
- Active Listings
- This home’s price is 79% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Alma City, MI.
Location
Points of Interest in Alma City, MI
Showing the Alma City area map.
Nearby Schools
Hillcrest Elementary School
Elementary · 0.4 mi away
St Mary School
Secondary · 0.5 mi away
Pine Avenue Elementary School
Elementary · 0.9 mi away
Alma Public Schools
School · 0.9 mi away
Alma Senior High School
Secondary · 1.2 mi away
Donald L. Pavlik Middle School
Elementary · 1.5 mi away
Alma Public Schools
Elementary · 1.6 mi away
Luce Road Elementary School
Elementary · 1.6 mi away
Middle of the Mitten Learning Ctr
School · 1.8 mi away
Nikkari Elementary School
Elementary · 3.0 mi away
St Louis Public
School · 3.0 mi away
St Louis Public School
School · 3.6 mi away
St. Louis High School
Secondary · 3.6 mi away
TSN Middle School
Secondary · 3.9 mi away
Carrie Knause Early Childhood Learning Center
School · 4.0 mi away
St Louis Correctional Facility
Secondary · 4.3 mi away
Ithaca Sda School
Secondary · 5.5 mi away
Ithaca High School
Secondary · 5.9 mi away
Ithaca Public School
School · 5.9 mi away
North Elementary School
Elementary · 6.1 mi away
Commute Calculator
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| 20042 Cameron Street, Detroit City, MI | $35,900 | 4 | 2 | 1,512 |
Moving Cost Estimate
EXIT Agents in Alma City
Listing Courtesy: 43 NORTH REALTY - 9894631219
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