Alma, MI 48801,325 Park Avenue
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Alma, MI 48801,325 Park Avenue
Alma, MI 48801,325 Park Avenue
Alma, MI 48801,325 Park Avenue
Alma, MI 48801,325 Park Avenue
Listed by Brandi Stupica • 43 NORTH REALTY
Bought with Brandon Tilson • 43 NORTH REALTY

$120,000

Est. payment /mo

$165,500

27.5%
Est.Price: ?

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325 Park Avenue Alma, MI 48801

2 Baths

2,965 SqFt

SOLD DATE : 04/04/2024

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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Jennifer Rodgers

Broker | License ID: 6505414638

+1(517) 398-2541

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