$84,000
521 Richmond Street Alma, MI 48801
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$84,000
Est. payment /mo
802 SqFt
Contingent
521 Richmond Street Alma, MI 48801
UPDATED:
11/06/2024 10:11 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
Square Footage 802 sqft
Price per Sqft $104
MLS Listing ID 80052058
Style 2 Story
Year Built 1960
Annual Tax Amount $2,279
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 91 x 41
Property Description
Turnkey 2-Story Duplex with Strong Rental History Great investment opportunity! This well-maintained 2-story duplex has a solid rental history with one unit upstairs and another on the first story. The current downstairs tenant pays $700 per month, while the upstairs tenant pays $585. Each tenant handles their own water, sewer, trash, electric, and natural gas utilities, making it an easy property to manage. Landlord is responsible for lawn care and snow removal. There is a 2-car detached garage for landlord storage, or a possible additional income source to be rented for the new owner. The property boasts a cozy covered porch, and benefit from recent upgrades, including new water heaters and electrical panels installed in 2023. The property is being sold subject to tenants’ rights, and the seller is a licensed real estate broker in the State of Michigan. Don’t miss this opportunity to add a dependable income property to your portfolio!
Location
State MI
County Gratiot
Area Alma (29017)
Zoning Multi-Family,Residential
Rooms
Basement Block, Full
Interior
Interior Features Window Treatment(s)
Heating Forced Air
Fireplaces Type Wood Stove
Appliance Refrigerator
Exterior
Exterior Feature Wood
Garage Detached Garage
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Wood
Schools
School District Alma Public Schools
Others
Ownership Corporation
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by 43 NORTH REALTY
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