230 Ely Street, Alma, MI 48801 (MLS # 1946299)
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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!
| DAYS ON MARKET | 15 | LAST UPDATED | 6/8/2026 |
|---|---|---|---|
| TRACT | City of Alma | YEAR BUILT | 1959 |
| COUNTY | Gratiot | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Multi Units |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Forced Air, Natural Gas |
| HOA DUES | Annually |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Landscaped |
| LOT DIMENSIONS | 58 x 96 |
| PARKING | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | City of Alma |
| TAXES | 2656.49 |
| WATER | Public |
| ZONING | Residential,Multi-Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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Data last updated: 6/24/26 12:19 AM PDT
This IDX solution is (c) Diverse Solutions 2026.