316 Euclid Street Alma, MI $ 149,000
316 Euclid Street
$ 149,000
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316 Euclid Street

Alma, MI, 48801
$ 149,000
Baths4.0 Sq 1,290

Monthly Estimate*

$ 941

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Studio

Multi-Family Home for sale in Alma, MI

for $149,000 with 4 full baths. This 1,290 square foot home was built in 1949 on a lot size of 0.25.

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!

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Multi-Family Active

Price

$ 149,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,024

Style

Lot Size

0.25

Year Built

1949

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

1947570

Features
Interior
Interior Amenities None Cable TV High Speed Internet
Basement Unfinished
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Window Features Blinds
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
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General
Sewer Public Sewer
Heating Forced Air Wall Furnace Natural Gas
Possession Subject To Tenant Rights
Roof Asphalt
Appliances Refrigerator Oven/Range
Patio/Porch Features Screened
Security Features Smoke Detector(s)
Construction Materials Frame Aluminum Siding
Pets Allowed false
Year Built 1949
Stories Count 2
Township City of Alma
Levels Two
Property Subtype Multi Family
Tax Year 2024
Waterfront Features None
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Gratiot
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name N/A
Garage Y/N N
Other Structures None
Rent Includes Trash Collection Water Sewer
Status New
Directions FROM PINE AVE TURN EAST ON SUPERIOR TO LIGHT TURN RIGHT AT LIGHT TO PROPERTY
City Alma
High School District Alma Public Schools
Zoning Description Multi-Family Rental History
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 10890
Carport Y/N N
Tax Annual Amount 2024
Home Warranty Y/N N
Ok to Lease Month To Month 12 Months
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Alma Public Schools
Elementary School District Alma Public Schools
Tax Assessed Value 36879
Total Actual Rent 1955
Ownership Type Corporation
Leasehold Rent $/Mo 485
Lease Amount Frequency Annually
Legal Description ORIGINAL TOWN CITY OF ALMA LOT 10 BLK 28
Freehold IDX
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Exterior
Parking Features None
Water Source Public
Lot Size Area 0.25
Foundation Details Block
Number of Buildings 1
Spa N
Lot Dimensions 66 x 165
Lot Size Acres 0.25
Road Surface Type Asphalt
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
43 North Realty

Broker

mkemler7@gmail.com

Email

Affordability Calculator

$1,109
Per Month
85%
15%
0%
Monthly Principal & Interest
$941
Monthly Property Taxes
$169
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
2034338 Elementary School
2034404 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/3/2026$149,000 Listed Price

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316 Euclid Street, Alma, MI, 48801 is a Multi-Family Home for sale at $149,000 with 1,290 sqft and a lot size of 0.25. 316 Euclid Street is a studio with 4.0 baths and was built in 1949. The property's zip code is 48801 which is in Alma, MI