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316 Euclid Street

Alma, Michigan 48801
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Bed 0

Bed

Bath 0

Bath

Acres0.25

Acre(Lot)

Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that ten ants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!

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Detail Ic Property Details

Property Type : Multifamily

Price : $149,000

AD Id : 87552403

MLS Id : 79080070643

Lot Size : 0.25 Acre

Year Built : 1949

County : Gratiot

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Feature Features

  • Room Information

    Porches: Porch
  • Heating & Cooling

    Cooling: Wall Unit(s) Heating: Forced Air,Wall Furnace Heating Fuel: Natural Gas

  • Building Information

    Year Built: 1949 Building Stories: 2 Story Total Units: 4 Foundation/Basement: Basement
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary)
  • Water

    Public (Municipal)

  • Lot Information

    Lot Size: 0.25 Lot Dimensions: 66 x 165
  • Property Information

    Subdivision: N/A Financing: Cash

  • Listing Price Information

    Original List Price: $149,000
  • Listing Information

    Possession: Subject To Tenant Rights Legal Description: ORIGINAL TOWN, CITY OF ALMA, LOT 10, BLK 28

  • Tax Information

    Annual Tax: $2,024 Parcel Number: 5103202300
  • Possession

    Subject To Tenant Rights
  • Legal Information

    Legal Description: Section: ORIGINAL TOWN, CITY OF ALMA, LOT 10, BLK 28

  • 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
313 Pleasant Avenue , Alma, MI, 48801 $160,000 -- -- 640 640 SqFt
230 Ely Street , Alma, MI, 48801 $50,043 -- -- --
5705 N State Road , Alma, MI, 48801 $375,000 -- -- 741 741 SqFt
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 07/05/2026 @ 21:11

MLS: 79080070643 LISTED BY: Micah Kemler , 43 NORTH REALTY 989-463-1219 SOURCE: Realcomp II Ltd

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