MylesShephard.com Myles Shephard

Alma multi-family property for sale

230 Ely Street

Alma, MI 48801

$50,043 Type: Duplex

Property information

Investor opportunity on Alma’s south side! This top/bottom duplex offers strong potential for the right buyer looking to renovate and build equity. The property experienced a recent fire, leaving the interior as a blank slate—perfect for customizing finishes and layout to your own vision. Each unit is designed as a 2-bedroom, 1-bath, with market rents estimated between $650–$750 per month per unit once completed. With approximately 3,720 total square feet, there is plenty of space to create a solid income-producing property. Located just south of downtown Alma, this property is close to shopping, dining, and everyday conveniences, making it an attractive option for future tenants. This property will require full rehabilitation and proper permitting. Due to the condition, all potential buyers must sign a hold harmless agreement prior to entry. Seller is offering a $10,000 credit to the buyer, to be held in escrow and released upon completion of at least 50% of the reconstruction. Bring your vision and turn this property into a strong addition to your investment portfolio!

Status Active On market 6/6/26 Updated 6/11/26 Type Duplex
Year built 1959 Lot acres 0.13
MLS 80069394 Schools Alma Public Schools

Exterior

  • Sidewalks
  • Porch

Systems

  • Forced Air
  • Public
  • Public Sanitary

Listing Courtesy of MiRealSource. Listing Office 43 NORTH REALTY (989) 463-1219. For buyer's agent representation click here.

Listing information is provided for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Information is refreshed from MiRealSource.

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