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$305,000
Est. payment /mo
8 Beds
5 Baths
4,288 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 4,288 sqft
Price per Sqft $71
Subdivision Metes And Bounds
MLS Listing ID 79080064384
Style Apartment
Bedrooms 8
Full Baths 5
Year Built 1944
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type SingleFamilyResidence
Property Description
This home has been privately owned and not offered to the public for many years, presenting a truly unique opportunity. It offers a rare opportunity to secure a truly income-producing asset with multiple revenue streams. The main home features 4 bedrooms, 2 bathrooms, two full kitchens, first floor laundry and several additional rooms that can easily function as extra bedrooms or flexible living spaces. 1021 sq ft of basement provides valuable storage. A newer 1176 sq ft apartment has 2-bedroom, 2-bath and a large covered deck is ideal for premium rental income. Plus, the property also includes two single-room studio units, perfect for consistent, low-maintenance cash flow. There is also a 13 x 38 storage are/workshop. The location adds even more value: the property is less than two miles from a vibrant downtown district, the local hospital, and major shopping centers - all strong drivers of year-round tenant demand. A large concrete driveway offers ample parking for multiple vehicles, enhancing convenience for residents and visitors alike. Overall, this is a versatile, high-yield investment with strong rental potential. The seller is in the process of adjusting the concrete elevation to help prevent water intrusion in the basement. If the work is not completed prior to closing, the seller will escrow funds to cover the cost.
Location
State MI
County Gratiot
Area Area29022Alma
Rooms
Basement Block
Interior
Interior Features WalkInClosets
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Exterior Feature Balcony
View Y/N No
Garage true
Building
Foundation Block
Sewer Shared Septic
Water Public
New Construction No
Schools
School District Alma
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Sue Welling of 43 NORTH REALTY
NEARBY SCHOOLS & PROPERTIES
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