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!
Sold for $84,000 on 11/22/24
$84,000
521 Richmond St, Alma, MI 48801
4beds
2baths
1,800sqft
Multi Family
Built in 1960
-- sqft lot
$87,700 Zestimate®
$47/sqft
$888 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 22, 2024 at 02:37pm
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Bought with:
Konner Vedrode, 6501458042
43 NORTH REALTY
Source: NGLRMLS,MLS#: 1928623
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Gas Water Heater
Features
- None, Cable TV, High Speed Internet
- Windows: Blinds
- Basement: Full,Unfinished
- Has fireplace: Yes
- Fireplace features: Stove
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Property
Parking
- Parking features: Two Car, Detached
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Waterfront features: None
Lot
- Size: 3,920 sqft
- Dimensions: 91 x 41
Details
- Additional structures: None
- Parcel number: 51-343-016-00
- Zoning description: Residential,Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Wood Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: None
Location
- Region: Alma
- Subdivision: GARGETT ADDITION
HOA & financial
Other financial information
- Total actual rent: 1285
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Corporation
- Road surface type: Asphalt
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$87,700
2% more+$1,754
With Zillow Showcase(estimated)$89,454