NOT LISTED FOR SALE

236 Ely St Alma, MI 48801

Estimated Value: $97,000 - $158,000

5 Beds
2 Baths
1,834 Sq Ft
$71/Sq Ft Est. Value

Last Sold March 28, 2025

Last sale price $96,000 $52 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $936/month

56 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • 2-minute walk to Riverside Park

About This Home

As of March 2025

Charming Income-Producing Duplex in Alma!! Discover an exceptional investment opportunity with this well-maintained top and bottom duplex conveniently located near downtown Alma. With over 2 years of consistent rental income and long-term tenants in place, this property offers reliable cash flow and hassle-free ownership. Lower Unit: -Spacious 3-bedroom, 1-bath layout with nearly 1,200 sq. ft. -Monthly rent: $795 -Features include hardwood floor accents, a stylish brick accent wall, and main-level laundry facilities for added convenience. Upper Unit: -Cozy 2-bedroom, 1-bath layout with approximately 700 sq. ft. -Monthly rent: $620 -Perfect for tenants seeking an affordable and comfortable home close to city amenities. The property is situated just minutes from downtown Alma, offering easy access to shops, dining, and entertainment. Whether you're an experienced investor or new to real estate, this duplex is an excellent addition to your portfolio. Don't miss this opportunity for steady income and a prime location! Both tenants are on month to month leases. Water/sewer and gas meters are shared, and units are separately metered for electrical. Schedule your showing today (Please give 24 hour notice to show). Seller is a licensed real estate broker in the State of Michigan.

Last Agent to Sell the Property

Micah Kemler

43 NORTH REALTY License #6502426111 Listed on: 12/23/2024

Last Buyer's Agent

Brandon Tilson

FIVE STAR REAL ESTATE - MT. PLEASANT License #6501444345

FIVE STAR REAL ESTATE - MT. PLEASANT

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132
  • The community has rules related to zoning restrictions

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 1,834 Sq Ft Home
  • 2-Story Property
  • Blinds

Kitchen

  • Oven or Range
  • Stove

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes snow removal

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story
  • Estimated Year Built: 1900
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900
  • Year Renovated: 2019

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Blinds, Natural Gas Water Heater
  • Range: R 3W
  • Total Finished Sf Apx: 1834

Exterior Features

  • Exterior Features: Covered Porch
  • Exterior Finish: Vinyl Siding, Block
  • Foundation: Block
  • Number Of Acres: 0.2
  • Road: Public Maintained
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air
  • Fireplace And Stoves: Stove

Lot Info

  • Lot Dimensions: 66 x 132
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family

Rental Info

  • Included In Lease: Snow Removal
  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 2909.62
  • Total Taxes: 3021.17
  • Winter Taxes: 111.55
  • 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

Closed on
May 24, 2018
Sold by
Deputy Sheriff
Bought by
Federal Home Loan Mortgage Corp
Current Estimated Value
$130,881

Purchase Details

Closed on
Sep 18, 2003
Sold by
Leonard Daniel R and Leonard Kerry K
Bought by
Bott Gregory L and Bott Jillene K

Purchase Details

Closed on
Oct 28, 1998
Bought by
Leonard

Purchase Details

Closed on
Jan 4, 1995
Bought by
Koutz
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Federal Home Loan Mortgage Corp $25,000 None Available
Bott Gregory L $60,000 --
Leonard $60,000 --
Koutz $34,100 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2025 03/28/25 Sold $96,000 -7.7% $52 / Sq Ft
02/11/2025 02/11/25 Price Changed $104,000 -4.6% $57 / Sq Ft
12/23/2024 12/23/24 For Sale $109,000 +263.3% $59 / Sq Ft
05/05/2019 05/05/19 Sold $30,000 -14.0% $16 / Sq Ft View Prior Sale
04/12/2019 04/12/19 Price Changed $34,900 -18.6% $19 / Sq Ft
03/18/2019 03/18/19 Price Changed $42,900 -14.0% $23 / Sq Ft
02/07/2019 02/07/19 For Sale $49,900 -- $27 / 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 $3,021 $70,700 $0 $0
2024 $3,021 $60,100 $0 $0
2023 $144 $54,900 $0 $0
2022 $144 $45,100 $0 $0
2021 $144 $42,500 $0 $0
2020 -- $44,100 $0 $0
2019 -- $36,400 $0 $0
2018 -- $31,000 $0 $0
2017 -- $31,400 $0 $0
2016 -- $31,000 $0 $0
2015 -- $30,000 $0 $0
2014 -- $29,500 $0 $0
2013 -- $29,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1929774

Northern Great Lakes REALTORS® MLS

APN: 51-031-548-00