325 Park Lot: 1, Alma, MI 48801 - MLS#79080014558 - Larry Else

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Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 165,500

Est. payment -/mo

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Accepting Backup Offers

325 Park Lot: 1 Alma, MI 48801

1,075 SqFt

UPDATED:

02/29/2024 12:15 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Accepting Backup Offers

Purchase Type For Sale

Square Footage 1,075 sqft

Price per Sqft $153

Subdivision Assessor Plat 1

MLS Listing ID 79080014558

Style Duplex

Originating Board Central Michigan Association of REALTORS�

Year Built 1900

Annual Tax Amount $1,247

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 36 x 67

Property Description

This well maintained duplex is an ideal investment in a coveted locale! Located a mere blocks from Alma College and downtown, this multifamily boasts two units, each featuring two bedrooms and one bathroom. Perfect for investors or homeowners seeking passive rental income, both units offer generous kitchens and living rooms for comfort and entertainment. What sets this property apart is the rare inclusion of in-unit washer and dryer setups behind the kitchen, enhancing appeal and tenant retention. With a total gross income of $2400 per month and tenants responsible for utilities, it's a lucrative opportunity for long-term rental portfolios. The asking price more than covers the 1% rule for investment property. Occupying one unit while renting the other allows savvy investors to offset mortgage costs and build equity. Seize the chance to own prime real estate in this sought-after area. This home is part of a portfolio of 8 of rental properties that can be purchased as a package. Please also see listings for 601 Wright, 607 Wright, 611 Wright, 308 Park, 314 Park, 318 Park, and 231 N Lincoln. When you schedule a showing with your agent, please allow at least 24 hours notice for showing requests to allow for giving the tenants sufficient notice.

Location

State MI

County Gratiot

Area Alma

Zoning Multi-Family,Residential

Interior

Hot Water Natural Gas

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage no

Building

Foundation Crawl

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Duplex

Level or Stories 2 Story

Schools

School District Alma

Others

Pets Allowed Yes

Tax ID 295103100600

Ownership Corporate/Relocation

Acceptable Financing Cash, FHA, USDA Loan (Rural Dev), VA, Trade/Exchange

Listing Terms Cash, FHA, USDA Loan (Rural Dev), VA, Trade/Exchange

Financing Cash,FHA,USDA Loan (Rural Dev),VA,Trade/Exchange

Listed by Brandi Stupica of 43 NORTH REALTY

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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