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325 Park

Alma, MI 48801
  • $165,500
  • STATUS: Accepting Backup Offers
  • ON SITE: 158 Days
  • MLS #: 79080014558
Under Contract
UPDATED: 45 min ago
$165,500
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,075
    SQFT
  • $154
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:
Zoning:
Multi-Family,Residential
Lot Size Dimensions:
36 x 67

School Ratings & Info

School District:

Description

This well maintained duplex is an ideal investment in a coveted locale! Located a mere blocks from Alma College and downtown, this multifamily boasts two units, each featuring two bedrooms and one bathroom. Perfect for investors or homeowners seeking passive rental income, both units offer generous kitchens and living rooms for comfort and entertainment. What sets this property apart is the rare inclusion of in-unit washer and dryer setups behind the kitchen, enhancing appeal and tenant retention. With a total gross income of $2400 per month and tenants responsible for utilities, it's a lucrative opportunity for long-term rental portfolios. The asking price more than covers the 1% rule for investment property. Occupying one unit while renting the other allows savvy investors to offset mortgage costs and build equity. Seize the chance to own prime real estate in this sought-after area. This home is part of a portfolio of 8 of rental properties that can be purchased as a package. Please also see listings for 601 Wright, 607 Wright, 611 Wright, 308 Park, 314 Park, 318 Park, and 231 N Lincoln. When you schedule a showing with your agent, please allow at least 24 hours notice for showing requests to allow for giving the tenants sufficient notice.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-07-17T17:12:50.323.
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325 Park Alma, MI 48801

  • Price: $165,500
  • Status: Accepting Backup Offers
  • On Site: 158 Days
  • Updated: 45 min ago
  • MLS #: 79080014558
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1,075
SQFT
$154
$/SQFT
1900
Built
Neighborhood:
Assessor Plat 1
County:
Gratiot
Area:
Alma
School District:
Alma
Property Description
This well maintained duplex is an ideal investment in a coveted locale! Located a mere blocks from Alma College and downtown, this multifamily boasts two units, each featuring two bedrooms and one bathroom. Perfect for investors or homeowners seeking passive rental income, both units offer generous kitchens and living rooms for comfort and entertainment. What sets this property apart is the rare inclusion of in-unit washer and dryer setups behind the kitchen, enhancing appeal and tenant retention. With a total gross income of $2400 per month and tenants responsible for utilities, it's a lucrative opportunity for long-term rental portfolios. The asking price more than covers the 1% rule for investment property. Occupying one unit while renting the other allows savvy investors to offset mortgage costs and build equity. Seize the chance to own prime real estate in this sought-after area. This home is part of a portfolio of 8 of rental properties that can be purchased as a package. Please also see listings for 601 Wright, 607 Wright, 611 Wright, 308 Park, 314 Park, 318 Park, and 231 N Lincoln. When you schedule a showing with your agent, please allow at least 24 hours notice for showing requests to allow for giving the tenants sufficient notice.
Exterior Features

Architecture Level 2 Story Architecture Style Duplex Foundation Details Crawl Foundation Materials Block Lot Size Dimensions 36 x 67 Waterfront YN No

Interior Features

Basement YN No Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 1075 Water Heater Fuel Natural Gas

Property Features

Down Payment Resource YN No Land Contract YN No Listing Financing CashFHAUSDA Loan (Rural Dev)VATrade/Exchange Ownership Status Corporate/Relocation Postal City Alma Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale Unknown Tax Amount Summer 1156.0900 Tax Amount Winter 91.1000 Title Corporate/Relocation Total Tax 1247.1900 Unparsed Address 325 Park Lot: 1 Water Source Public (Municipal) Zoning Multi-FamilyResidential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via 43 NORTH REALTY: (989) 463-1219 and Central Michigan Association of, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-07-17T17:12:50.323.
 
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