Listing Detail

The Martin Company

6400 Western Ave.
P.O. Box 7
Glen Arbor, MI   49636

Phone: (231) 334-7000
Fax: (231) 334-7004

Listing is courtesy of CENTURY 21 LEE-MAC REALTY 989-463-6085


324 E Elizabeth Street
Alma

$165,000

  • #1889784
  • Number of Units: 4
  • Square Feet: 2,112
  • Acres: 0.55
  • School District: Alma Public Schools
  • Township: City of Alma
  • County: Gratiot
  • Property Type: 4 - Plex
  • Garage: Two Car, Detached
  • Appliances: Refrigerator, Oven/Range, All Units the Same
  • Extras: Foyer Entrance

Rare opportunity with a NET income of almost $17,000 per year! This investment property has a fantastic rental history with at least two current long-term tenants. The main building consists of four 1 bedroom, 1-bathroom units (two upstairs and two downstairs) and all four apartments are currently rented. There is a main floor laundry room, but it is currently not being utilized. There is a 24x24 garage and the lot is slightly more than a half-acre which provides plenty of yard space and parking for tenants. The seller has maintained this property very well, with new shingles and plumbing upgrades about 7 years ago, 2 new wall furnaces about 3 years ago, new front porch 3 years ago and Retro-foam insulation was added throughout the crawl space. To be noted, tenants pay all utilities except the water bill.


Map of , Alma