325 Park

Alma, Michigan 48801

  • 0 Bed(s)
  • 0 Bath(s)
  • 1,075 Sqft
  • 0.06
    Acre(Lot)
$165,500

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.

  • Property Type

    Multifamily

  • Subdivision

    White

  • County

    Gratiot

  • Style

    Duplex

  • AD ID

    45298273

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Property Details

  • Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

    Water Heater

    • Natural Gas

  • Building Information

    • Year Built: 1900
    • Building Stories: 2 Story
    • Total Units: 2
    • Foundation/Basement: Crawl
    • Architecture: Duplex

    Exterior Features

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)
    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 0.06
    • Dimensions: 36 x 67

    Property Information

    • SQ ft: 1075
    • Subdivision: ASSESSOR PLAT 1
    • Financing: Cash,FHA,USDA Loan (Rural Dev),VA,Trade/Exchange

  • Listing Price Information

    • Original List Price: $165,500

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: TH S 36' OF LOT 1 ASSSESSOR PLAT 1

  • Tax Information

    • Annual Tax: $1,247
    • Parcel Number: 295103100600

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: TH S 36' OF LOT 1 ASSSESSOR PLAT 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 11/17/2024 @ 01:53

  • MLS: 600864512
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is recently sold, it has 1,075 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Alma , in zip code 48801, this Gratiot County Multifamily , it is in the WHITE Subdivision, and are nearby neighborhoods.