Estimated payment $1,270/month
Total Views
29,635
4
Beds
5
Baths
2,800
Sq Ft
$60
Price per Sq Ft
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
Kitchen
- Oven or Range
- Stove
Outdoor Features
- Covered Patio or Porch
- Rain Gutters
Utilities
- Heating System Uses Steam
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 5 Units
- Original Town Community
Map
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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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 03/09/2018 03/09/18 | For Sale | $761,000 | -- | $272 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $55,000 | -- | |
| Warranty Deed | $38,000 | -- |
Source: Public Records
Similar Home in Alma, MI
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.
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