NOT LISTED FOR SALE

119 W Downie St Alma, MI 48801

Estimated Value: $108,000 - $158,000

4 Beds
2 Baths
1,800 Sq Ft
$75/Sq Ft Est. Value

Last Sold December 13, 2024

Last sale price $109,000 $61 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $844/month

5 Days on Market

Highlights

  • Covered Patio or Porch
  • Wood Siding
  • 3-minute walk to Alma Dam
  • Heating System Uses Steam

About This Home

As of December 2024

Turnkey Duplex in Prime Downtown Alma Location Ideal for investors, this turnkey 2-story duplex comes with two long-term tenants already in place. The downstairs tenant pays $825 monthly, while the upstairs tenant pays $600 plus an additional $150 monthly for utilities. The landlord covers all utilities and handles lawn care. Located in the heart of downtown Alma, this charming property features exposed beam ceilings, beautiful wood floors in both units, and a cozy covered porch. Recent updates include a new steam boiler installed in 2024, adding modern efficiency to this classic home. Don’t miss this exceptional opportunity to own a ready-to-go and already cash flowing rental in a highly desirable area!

Last Agent to Sell the Property

Micah Kemler

43 NORTH REALTY License #6502426111 Listed on: 10/30/2024

Last Buyer's Agent

Tish Mallory

43 NORTH REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 45 x 95
  • The community has rules related to zoning restrictions

Parking

  • Carport

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Stove

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Heating System Uses Steam
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes heating/cooling, electric, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story
  • Estimated Year Built: 1949
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1949

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Natural Gas Water Heater, Smoke Alarms
  • Interior Amenities: Laundry Hook-Up
  • Range: R 3W
  • Total Finished Sf Apx: 1800

Exterior Features

  • Exterior Features: Covered Porch
  • Exterior Finish: Wood
  • Foundation: Full, Block, Unfinished
  • Number Of Acres: 0.09
  • Road: Public Maintained, Blacktop
  • Roof: Metal

Garage/Parking

  • Primary Garage: Carport(s)

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Steam
  • Monthly Electricity Expense: 150
  • Fireplace And Stoves: Stove
  • Monthly Heat Expense: 200

Lot Info

  • Lot Dimensions: 45 x 95
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Included In Lease: Heating/Cooling, Electric, Water
  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 4071.29
  • Total Taxes: 4354.21
  • Winter Taxes: 282.92
  • Year Winter: 2023

Multi Family

  • Total Number Units: 2

MLS Schools

  • School District: Alma Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Dec 13, 2024
Sold by
Ckw Property Management Llc
Bought by
Dennmark Holdings Llc
Seller's Agent
Micah Kemler
43 NORTH REALTY
Buyer's Agent
Tish Mallory
43 NORTH REALTY
List Price
$119,000
Sold Price
$109,000
Premium/Discount to List
-$10,000
-8.4%
Views
15
Current Estimated Value
$135,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,545
Avg. Annual Appreciation
22.83%

Purchase Details

Closed on
Jun 1, 2020
Sold by
Downie Street 119 Llc
Bought by
Ckw Property Management Llc

Purchase Details

Closed on
Oct 10, 1996
Bought by
Buiteweg
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dennmark Holdings Llc $109,000 --
Ckw Property Management Llc $60,000 Alma Abstract & Title
Buiteweg $54,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2024 12/13/24 Sold $109,000 -8.4% $61 / Sq Ft
10/30/2024 10/30/24 For Sale $119,000 -- $66 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,354 $79,300 $0 $0
2024 $4,354 $72,700 $0 $0
2023 $226 $64,500 $0 $0
2020 -- $58,900 $0 $0
2019 -- $53,700 $0 $0
2018 -- $49,000 $0 $0
2017 -- $48,900 $0 $0
2016 -- $41,700 $0 $0
2015 -- $39,900 $0 $0
2014 -- $40,800 $0 $0
2013 -- $40,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1928631

Northern Great Lakes REALTORS® MLS

APN: 51-344-808-00