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Jenn Smart

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310 W Superior , Alma, MI 48801
$184,000
Est. Payment: $958.85/mo
0 Bed
0 Bath
560 Sqft
Status: active | Days on site: 33
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Ready to start or add the perfect multi-unit property to your investment portfolio in the heart of downtown Alma? Well, look no further! Check out this well-maintained, income-producing triplex in one of Alma’s most desirable rental locations. Generating nearly $2,100 per month in rental income, this property has a proven track record of strong occupancy and consistent cash flow, with all three units enjoying an excellent rental history. Location is everything, and this property definitely checks that box! Situated in the heart of downtown Alma, tenants can walk to Alma College, downtown shopping, coffee shops, restaurants, churches, convenience stores, and many other local amenities, making it highly attractive to renters year after year. Each of the three one-bedroom, one-bathroom apartments offers convenient living spaces, including two main-floor units and a spacious upper-level unit. The property features separate gas and electrical meters for each apartment, keeping landlord expenses low, and maximizing cashflow. The owner is responsible for only one monthly utility bill covering water/sewer and trash service, making this an efficient and easy-to-manage investment. Whether you’re looking to expand your investment portfolio or purchase your first income property, this turnkey triplex offers the ideal combination of location, strong rental history, and dependable income. Seller is a licensed real estate broker in the State of Michigan.

Highlights

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

Property Type

Multi-Family

Lot/Acreage
0.23

Year Built

1967

County

Gratiot

Area

Alma (29017)

Neighborhood

James Dress Addition

School District

Alma Public Schools

Listing ID

80071634

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Range/Oven, Refrigerator
Above Ground Sq Ft:560
Basement:Block
Water:Public Water

Exterior Features

Lot Dimensions:91 X 165
Zoning:Multi-Family,Residential
Others:
  • Additional:Porch
Sewer:Public Sanitary
Principal Interest
$959
Taxes
$412

Home Price

$184,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$36,800
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:
$958.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $958.85 $412.40 $0.00 $1,371.25
Yearly $11,506.20 $4,948.78 $0.00 $16,454.98
Total $345,185.85 $148,463.40 $0.00 $493,649.25
Lender profile image
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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

IDX service by Blueroof 360

Data last updated: 2026-09-02T03:11:55.100Z

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