Bought with Brandon Tilson • 43 NORTH REALTY
$120,000
$165,500
27.5%For more information regarding the value of a property, please contact us for a free consultation.
325 Park Avenue Alma, MI 48801
2 Baths
2,965 SqFt
Key Details
Sold Price $120,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,965 sqft
Price per Sqft $40
Subdivision Mi
MLS Listing ID 1919189
Sold Date 04/04/24
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
Rooms
Basement Crawl Space, Block
Interior
Interior Features Laundry Hook-up, Storage Space
Heating Forced Air
Cooling Forced Air
Exterior
Exterior Feature None
Roof Type Asphalt
Road Frontage Public Maintained, Blacktop
Building
Water Municipal
Structure Type Vinyl Siding
Schools
School District Alma Public Schools
Others
Tax ID 29-51-031-006-00
Ownership Corporate Owned
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