316 Euclid Street, Alma, MI 48801 (MLS # 1947570)
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Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!
| DAYS ON MARKET | 4 | LAST UPDATED | 7/3/2026 |
|---|---|---|---|
| TRACT | N/A | YEAR BUILT | 1949 |
| COUNTY | Gratiot | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Refrigerator |
|---|---|
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Aluminum Siding, Frame |
| HEAT | Forced Air, Natural Gas, Wall Furnace |
| HOA DUES | Annually |
| INTERIOR | High Speed Internet |
| LOT | 0.25 acre(s) |
| LOT DIMENSIONS | 66 x 165 |
| PARKING | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | N/A |
| TAXES | 2024 |
| UTILITIES | Cable Connected |
| WATER | Public |
| ZONING | Multi-Family,Rental History |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by 43 NORTH REALTY
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: 7/7/26 10:41 AM PDT
This IDX solution is (c) Diverse Solutions 2026.