Alma, MI 48801,521 Richmond Street

$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 Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 802 sqft

Price per Sqft $104

Subdivision Gargett Addition

MLS Listing ID 79080052058

Sold Date 11/22/24

Style Duplex

Originating Board Central Michigan Association of REALTORS®

Year Built 1960

Annual Tax Amount $2,279

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 91 x 41

Property Sub-Type Duplex

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

Zoning Multi-Family,Residential

Interior

Hot Water Natural Gas

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Porch Porch

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Duplex

Level or Stories 2 Story

Structure Type Wood

Schools

School District Alma

Others

Pets Allowed Yes

Tax ID 5134301600

Ownership Corporate/Relocation

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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Realcomp MLS
Listed by Micah Kemler of 43 NORTH REALTY
Bought with 43 NORTH REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 910-9991

julius.harris@exprealty.com

39555 Orchard Hill Place, Suite 600, Novi, Michigan, 48375

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