Alma, MI 48801,521 Richmond Street
Alma, MI 48801,521 Richmond Street
Alma, MI 48801,521 Richmond Street
Alma, MI 48801,521 Richmond Street
Alma, MI 48801,521 Richmond Street
Alma, MI 48801,521 Richmond Street
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$84,000

$84,000

Est.Price: ?

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Est. payment /mo

802 SqFt


SOLD DATE : 11/22/2024

Key Details

Sold Price $84,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 802 sqft

Price per Sqft $104

MLS Listing ID 80052058

Sold Date 11/22/24

Style 2 Story

Year Built 1960

Annual Tax Amount $2,279

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 91 x 41

Property Description

Turnkey 2-Story Duplex with Strong Rental History Great investment opportunity! This well-maintained 2-story duplex has a solid rental history with one unit upstairs and another on the first story. The current downstairs tenant pays $700 per month, while the upstairs tenant pays $585. Each tenant handles their own water, sewer, trash, electric, and natural gas utilities, making it an easy property to manage. Landlord is responsible for lawn care and snow removal. There is a 2-car detached garage for landlord storage, or a possible additional income source to be rented for the new owner. The property boasts a cozy covered porch, and benefit from recent upgrades, including new water heaters and electrical panels installed in 2023. The property is being sold subject to tenants’ rights, and the seller is a licensed real estate broker in the State of Michigan. Don’t miss this opportunity to add a dependable income property to your portfolio!

Location

State MI

County Gratiot

Area Alma (29017)

Zoning Multi-Family,Residential

Rooms

Basement Block, Full

Interior

Interior Features Window Treatment(s)

Heating Forced Air

Fireplaces Type Wood Stove

Appliance Refrigerator

Exterior

Exterior Feature Wood

Garage Detached Garage

Waterfront No

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Wood

Schools

School District Alma Public Schools

Others

Ownership Corporation

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by 43 NORTH REALTY
Bought with 43 NORTH REALTY
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