Alma, MI 48801,324 E Elizabeth Street

$138,000

$149,900

7.9%
Est.Price: ?

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Est. payment /mo

400 SqFt


SOLD DATE : 02/25/2022

Key Details

Sold Price $138,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 400 sqft

Price per Sqft $345

Subdivision City Of Alma

MLS Listing ID 79001333124

Sold Date 02/25/22

Originating Board Central Michigan Association of REALTORS®

Year Built 1903

Annual Tax Amount $1,945

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions 93.80 x 244.65

Property Description

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.

Location

State MI

County Gratiot

Area Alma

Zoning Multi-Family,Residential

Interior

Heating Wall/Floor Furnace

Cooling Wall Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Waterfront no

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Schools

School District Alma

Others

Pets Allowed Yes

Tax ID 5103432000

Ownership Private Owned

Acceptable Financing Cash, FHA

Listing Terms Cash, FHA

Financing Cash,FHA

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Realcomp MLS
Listed by Jayson Sumerix of CENTURY 21 LEE-MAC REALTY
Bought with CENTURY 21 LEE-MAC REALTY

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JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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