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Jenn Smart

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230 Ely , Alma, MI 48801
$50,043
Est. Payment: $260.78/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 53
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

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!

Highlights

Listed by Micah Kemler , 989-330-4037 43 NORTH REALTY , 989-463-1219. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1959

County

Gratiot

Area

Alma (29017)

Neighborhood

City of Alma

School District

Alma Public Schools

Listing ID

80069394

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public Water

Exterior Features

Lot Dimensions:58 x 96
Zoning:Multi-Family,Residential
Others:
  • Additional:Porch, Sidewalks
Sewer:Public Sanitary
Principal Interest
$261
Taxes
$221

Home Price

$50,043

Loan Details

30 yrs
6.792%

Down Payment

20%
$10,009
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$260.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $260.78 $221.37 $0.00 $482.16
Yearly $3,129.37 $2,656.49 $0.00 $5,785.86
Total $93,881.17 $79,694.70 $0.00 $173,575.87
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Alma, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T01:10:54.300Z

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