Estimated payment $974/month
Highlights
- Screened Porch
- Forced Air Heating System
- 4-minute walk to Alma Riverwalk
About This Home
Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,024
Year Built
- Built in 1949
Lot Details
- 10,890 Sq Ft Lot
- Lot Dimensions are 66 x 165
Home Design
- Block Foundation
- Asphalt Roof
Interior Spaces
- 4 Bathrooms
- 1,290 Sq Ft Home
- 2-Story Property
- Blinds
- Screened Porch
- Fire and Smoke Detector
- Oven or Range
- Unfinished Basement
Utilities
- Forced Air Heating System
- Wall Furnace
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes trash collection, water, sewer
Community Details
Overview
- 4 Units
Pet Policy
- No Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $2,387 | $65,900 | $0 | $0 |
| 2025 | $2,387 | $65,100 | $0 | $0 |
| 2024 | $2,387 | $57,700 | $0 | $0 |
| 2023 | $124 | $52,900 | $0 | $0 |
| 2020 | $124 | $41,600 | $0 | $0 |
| 2019 | -- | $30,400 | $0 | $0 |
| 2018 | -- | $26,600 | $0 | $0 |
| 2017 | -- | $28,400 | $0 | $0 |
| 2016 | -- | $28,300 | $0 | $0 |
| 2015 | -- | $26,900 | $0 | $0 |
| 2014 | -- | $25,500 | $0 | $0 |
| 2013 | -- | $24,900 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2026 07/03/26 | For Sale | $149,000 | -- | $116 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $66,000 | -- | |
| Warranty Deed | $62,000 | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1947570
APN: 51-032-023-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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