TEAM Master Key Team

230 Ely Street, Alma, MI 48801

$50,043
  • 230 Ely Street, Alma, MI 48801 Main Photo

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New to the Market New
BEDS0 BATHS MLS#1946299
STATUSNew PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMI SCHOOLAlma Public Schools

Property Description

Investor opportunity on Alma???s south side! This top/bottom duplex offers strong potential for the right buyer looking to renovate and build equity. The property experienced a recent fire, leaving the interior as a blank slate???perfect for customizing finishes and layout to your own vision. Each unit is designed as a 2-bedroom, 1-bath, with market rents estimated between $650???$750 per month per unit once completed. With approximately 3,720 total square feet, there is plenty of space to create a solid income-producing property. Located just south of downtown Alma, this property is close to shopping, dining, and everyday conveniences, making it an attractive option for future tenants. This property will require full rehabilitation and proper permitting. Due to the condition, all potential buyers must sign a hold harmless agreement prior to entry. Seller is offering a $10,000 credit to the buyer, to be held in escrow and released upon completion of at least 50% of the reconstruction. Bring your vision and turn this property into a strong addition to your investment portfolio!

230 Ely Street | MLS# 1946299

This multi-family property located at 230 Ely Street, Alma, MI 48801 is currently listed for sale with an asking price of $50,043. Ely Street is located within the Alma Public Schools school district. Search Alma real estate on masterkeyteam.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Home Style: 2 Story, Duplex, 2 Story, Duplex
Lot Size: 0.13 Acres
Roof Type: Asphalt, Metal
Year Built: 1959

Feature Descriptions

Construction: Frame
Exterior: Sidewalk, Landscaped, Covered Porch
Heating/Cooling: Forced Air
Heating/Cooling Source: Natural Gas, Multiple Units
Interior: Fixer-Upper
Lot Dimensions: 58 x 96
Outbuilding(s): Yes
Road: Public Maintained, Blacktop
Sewer: Municipal
Water: Municipal
Waterfront Type: No

Local Schools

School District: Alma Public Schools

Listed By / Shown By

Listed By

Agency Name: 43 NORTH REALTY
Agency Phone: 989-463-1219

Shown By

Agent Name: TEAM Master Key Team
Agent Phone:
Agency Title: Key Realty

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Estimated Payment

$ 294.53 per month $279.93 Principal & Interest $0.00 Property Tax (data not provided by mls) $14.60 Homeowner's Insurance

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