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230 Ely Street

Alma MI 48801

0.13 ac.
Multi-Family
Currently for sale - view listing

Overview

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!

Features

0.13 ac. lot size
Multi-Family

Happy sellers in Alma

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We have insufficient information to provide an overview of customer satisfaction for Alma. Viewing the agent profiles, reviews and sales for Alma can provide insights for this location.

Local market activity for multi families in Alma

In the last 12 months, 7 multi families similar to 230 Ely Street, have been sold.

This represents a 75% decrease in multi families sales when compared to the previous 12 months.

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