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Listed by 43 NORTH REALTY
$ 184,000
Est. payment | /mo
3 Baths
1,700 SqFt
$ 184,000
Est. payment | /mo
3 Baths
1,700 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $108
MLS Listing ID 1948587
Year Built 1967
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
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
Interior
Interior Features None, Cable TV, High Speed Internet
Heating Forced Air, Natural Gas
Fireplaces Type None
Fireplace false
Appliance Refrigerator, Oven/Range
Exterior
Community Features None
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Story Two
Foundation Block
Sewer Public Sewer
Water Public
Nearby Locations
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Stacy Allman
Broker/Owner Lic# 6502433438