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$189,000
560 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 560 sqft
Subdivision James Dress Addition
MLS Listing ID 79080071634
Year Built 1967
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type MultiFamily
Property Description
Ready to start or add the perfect multi-unit property to your investment portfolio in the heart of downtown Alma? Well, look no further! Check out this well-maintained, income-producing triplex in one of Alma’s most desirable rental locations. Generating nearly $2,100 per month in rental income, this property has a proven track record of strong occupancy and consistent cash flow, with all three units enjoying an excellent rental history. Location is everything, and this property definitely checks that box! Situated in the heart of downtown Alma, tenants can walk to Alma College, downtown shopping, coffee shops, restaurants, churches, convenience stores, and many other local amenities, making it highly attractive to renters year after year. Each of the three one-bedroom, one-bathroom apartments offers convenient living spaces, including two main-floor units and a spacious upper-level unit. The property features separate gas and electrical meters for each apartment, keeping landlord expenses low, and maximizing cashflow. The owner is responsible for only one monthly utility bill covering water/sewer and trash service, making this an efficient and easy-to-manage investment. Whether you’re looking to expand your investment portfolio or purchase your first income property, this turnkey triplex offers the ideal combination of location, strong rental history, and dependable income. Seller is a licensed real estate broker in the State of Michigan.
Location
State MI
County Gratiot
Area Area29022Alma
Rooms
Basement Block
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Alma
Others
Acceptable Financing Cash, FHA, UsdaLoan, VaLoan
Listing Terms Cash, FHA, UsdaLoan, VaLoan
Special Listing Condition CorporateRelocation
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Listed by Micah Kemler of 43 NORTH REALTY
NEARBY SCHOOLS & PROPERTIES
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