601 Wright Avenue Alma, MI $ 170,000
601 Wright Avenue
$ 170,000
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601 Wright Avenue

Alma, MI, 48801
$ 170,000
Baths0.0 Sq 541

Monthly Estimate*

$ 1,130

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Studio

Multi-Family Home for sale in Alma, MI

for $170,000. This 541 square foot home was built in 1949 on a lot size of 0.45.

Welcome to this fantastic investment opportunity adjacent to Alma College! This charming triplex offers three one-bedroom, one-bathroom units, each with its own private entrance for added convenience and privacy. These units are highly desirable thanks to their easy access to the College, downtown dining, and uptown commerce. Ample off-street parking and in-unit washer and dryers for the downstairs units increases convenience and reduces tenant turnover. This property generates a gross monthly rent of $3,000, making this property an excellent return on investment. Don't miss out on this chance to own a valuable piece of real estate in a sought-after area. Schedule a showing with your favorite agent today! Price reduced because the parcel is in the process of division with easments added. This home is part of a portfolio of 8 of rental properties that can be purchased as a package. Please also see listings for 607 Wright, 611 Wright, 308 Park, 314 Park, 318 Park, 325 Park, and 231 N Lincoln.

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Multi-Family Active

Price

$ 170,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,269

Style

Lot Size

0.45

Year Built

1949

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

80011421

Features
General
Heating Forced Air
Possession Subject To Tenant Rights
Exterior Features Porch Sidewalks
Water Public Water
Appliances Dryer Freezer Range/Oven Refrigerator Washer
Status Active Active
Year Built 1949
Subdivision Scottish Heights MI
Water Heater Gas
County Gratiot
Class MULTIFAMILY
Type Multi-Family
Percent Ownership Corporation
Municipality Alma
Section 33
Zoning Multi-Family
Utilities Cable Available Internet DSL Available
Structure Style 2 Story
Area Alma (29017)
Primary City Alma
Directions South of Orchard Street and north of Downie Street on the west side of the street. Pull into the gravel shared driveway south of the house and park in the back.
High School Alma Senior High School
City Alma
School District Alma Public Schools
Street Name Wright
Financial Terms Cash Exchange/Trade
Middle School Alma Middle School
Legal Description COM 16 RDS S OF NE COR OF SE 1/4 OF SE 1/4 OF SEC 33-12-3 W 20 RDS S 4 RDS E 20 RDS N 4 RDS TO BEGINNING.
DOM 258
Postal Code 48801
Price Per Sq Ft Total 314.23
Coming Soon Welcome to this fantastic investment opportunity adjacent to Alma College! This charming triplex offers three one-bedroom one-bathroom units
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Interior
Basement Stone
Total Number of Units 3
Fuel Type Natural Gas
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Exterior
Exterior Wood
Lot Size Area 0.45
Lot Dimensions 305.4' x 66.04'
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Brandi Stupica

Listing Agent

43 North Realty

Broker

brandistupica@gmail.com

Email

Affordability Calculator

$1,319
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,130
Monthly Property Taxes
$189
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1609007 Elementary School
4378632 Middle School
Alma Senior High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2023$170,000 -10.05% Price Down
9/22/2023$189,000 Listed Price

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601 Wright Avenue, Alma, MI, 48801 is a Multi-Family Home for sale at $170,000 with 541 sqft and a lot size of 0.45. 601 Wright Avenue is a studio with 0.0 baths and was built in 1949. The property's zip code is 48801 which is in Alma, MI