Estimated payment $1,242/month
Highlights
- Victorian Architecture
- Attached Garage
- 1-minute walk to Alma Dam
- Covered Patio or Porch
- Heating System Uses Steam
About This Home
Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 69.5 x 110
- The community has rules related to zoning restrictions
Parking
- Attached Garage
Home Design
- Victorian Architecture
- Poured Concrete
- Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 2,800 Sq Ft Home
- 2-Story Property
- Oven or Range
Outdoor Features
- Covered Patio or Porch
Utilities
- Heating System Uses Steam
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 5 Units
- Original Town Community
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,267 | $100,100 | $0 | $0 |
| 2024 | $4,267 | $86,200 | $0 | $0 |
| 2023 | $162 | $80,100 | $0 | $0 |
| 2022 | $162 | $70,000 | $0 | $0 |
| 2021 | $162 | $65,400 | $0 | $0 |
| 2020 | $162 | $63,200 | $0 | $0 |
| 2019 | -- | $56,400 | $0 | $0 |
| 2018 | -- | $62,800 | $0 | $0 |
| 2017 | -- | $45,800 | $0 | $0 |
| 2016 | -- | $42,200 | $0 | $0 |
| 2015 | -- | $35,000 | $0 | $0 |
| 2014 | -- | $33,800 | $0 | $0 |
| 2013 | -- | $33,900 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/10/2025 05/10/25 | Price Changed | $169,000 | -2.9% | $60 / Sq Ft | |
| 03/28/2025 03/28/25 | Price Changed | $174,000 | -2.8% | $62 / Sq Ft | |
| 02/11/2025 02/11/25 | Price Changed | $179,000 | -5.3% | $64 / Sq Ft | |
| 12/21/2024 12/21/24 | For Sale | $189,000 | -75.2% | $68 / Sq Ft | |
| 03/09/2018 03/09/18 | Sold | $761,000 | 0.0% | $272 / Sq Ft | View Prior Sale |
| 03/09/2018 03/09/18 | For Sale | $761,000 | -- | $272 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $55,000 | -- | |
| Warranty Deed | $38,000 | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1929756
APN: 51-344-592-00
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 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
- 418 Woodworth Ave
- 421 Prospect Ave
- 623 N State St
- 623 Woodworth Ave
- 230 N State St
- 427 E Downie St Unit 6
- 228.5 E Center St
- 123 W End St
- 811 N River Ave
- 730 N River Ave
- 256 Ely St
- 109 Allen Ave
- 127 S State St
- 822 N River Ave
- 127 Allen Ave
- 320 Euclid Ave
- TBD Riverview Dr Unit 43
- TBD Heather Ln
- 127 Grafton Ave
- 916 N River Ave
- 514 Wright Ave
- 515 N Court Ave
- 1410 Mary Ct
- 1780 Mary Ct
- 4105 Riverview Dr
- 4200 E Wing Rd
- 4206 E Wing Rd
- 1176 Ironstone Ln
- 1177 Ironstone Ln
- 1223 Wellington Dr
- 1255 Concord Dr
- 1132 Stoneridge Ct
- 4608 S Isabella Rd
- 3300 E Deerfield Rd
- 5100 Cambridge Ln
- 4300 Collegiate Way
- 1240 E Broomfield St
- 1807 S Lynnwood Dr
- 3726 S Isabella Rd
- 950 Appian Way