About This Home
This 5-bedroom, 4-bathroom residential multi family at 316 Euclid Street in Alma, MI is listed for $144,000 ($112 per sqft). Built in 1949, the home offers 1,290 sqft of living space on a 0.25 acres lot.
Key Features
- Built in 1949
- 0.25 acre lot
- 2 stories
Property Details
Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment.
Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source.
This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!
Monthly Cost Estimate
$770/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
316 Euclid Street
Alma, MI 48801
Features & Amenities
Exterior Features
Property Details
Construction
Outdoor Features
Appliances
Questions & Answers
This 5-bedroom, 4-bathroom residential multi family at 316 Euclid Street is listed at $144,000 ($112/sqft). The estimated monthly payment is $770 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1949, 0.25 acre lot, 2 stories. Exterior Features: Screened Porch.
This property is listed by Micah Kemler and can be reached at 9893304037.