Active

230 Ely Street

Alma, Michigan 48801

$50,043 $210/Mo

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Overview

Bed

Bath

0.13

Acre(Lot)

Description

Investor opportunity on AlmaÃ¢â‚¬â„¢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 slateÃ¢â‚¬"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 $650Ã¢â‚¬"$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!

Property Details

Property Type : Multifamily

Price : $50,043

AD Id : 81481125

MLS Id : 79080069394

Lot Size : 0.13 Acre

Year Built : 1959

County : Gratiot

Subdivision: The Puritan Sub

Map

What's Nearby

Nearby Areas

Features

Room Information

Porches: Porch
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1959 Building Stories: 2 Story Total Units: 2 Foundation/Basement: Crawl Architecture: Duplex
Exterior Features
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.13 Lot Dimensions: 58 x 96
Property Information

Subdivision: City of Alma Financing: Cash

Listing Price Information

Original List Price: $50,043
Listing Information

Possession: At Close Legal Description: COM 14 RDS S 34 RDS E OF NW COR OF SE 1/4 OF NW 1/4 SEC 3-11-3, S 92 FT 3 IN, E 3 1/2 RDS, N 92 FT 3 IN, W 3 1/2 RDS TO BEG

Tax Information

Annual Tax: $2,656 Parcel Number: 5103154700
Possession

At Close
Legal Information

Legal Description: Section: COM 14 RDS S 34 RDS E OF NW COR OF SE 1/4 OF NW 1/4 SEC 3-11-3, S 92 FT 3 IN, E 3 1/2 RDS, N 92 FT 3 IN, W 3 1/2 RDS TO BEG

School Information

School District: Alma
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5705 N State Road , Alma, MI, 48801	$375,000	--	--	741	741 SqFt

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ByOwner last updated this listing 06/11/2026 @ 19:54

MLS: 79080069394 LISTED BY: Micah Kemler , 43 NORTH REALTY 989-463-1219 SOURCE: Realcomp II Ltd