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
$84,000
521 Richmond St, Alma, MI 48801
4beds
2baths
1,800sqft
Multi Family
Built in 1960
-- sqft lot
$108,900 Zestimate®
$47/sqft
$956 Estimated rent
Home value
$108,900
Estimated sales range
Not available
$956/mo
Zestimate® history
Owner options
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$956/mo
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$956/mo
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$444/mo
Est. payment
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$444/mo
Est. payment
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Cozy covered porch
Zillow last checked:
Listing updated:
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: 5134301600
- 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
- Price range: $84K - $84K
- Listing terms: Conventional,Cash
- Ownership type: Corporation
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2024 | Sold | $84,000$47/sqft |
Source:  NGLRMLS #1928623 Report a problem | ||
| 10/30/2024 | Listed for sale | $84,000$47/sqft |
Source: NGLRMLS #1928623 Report a problem | ||
| 3/11/2017 | Listing removed | $550 |
Source: Zillow Rental Manager Report a problem | ||
| 2/9/2017 | Listed for rent | $550 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,389 +10% | $56,800 +19.1% |
| 2024 | $2,171 | $47,700 +10.2% |
| 2023 | -- | $43,300 +13.1% |
| 2022 | -- | $38,300 +3.2% |
| 2021 | -- | $37,100 +6% |
| 2020 | -- | $35,000 +12.9% |
| 2019 | -- | $31,000 +6.9% |
| 2018 | -- | $29,000 -4.6% |
| 2017 | -- | $30,400 +4.1% |
| 2016 | -- | $29,200 +7% |
| 2015 | -- | $27,300 +5% |
| 2014 | -- | $26,000 -5.1% |
| 2013 | -- | $27,400 -1.8% |
| 2012 | -- | $27,900 -2.4% |
| 2011 | -- | $28,600 |
Find assessor info on the county website
Neighborhood: 48801
Nearby schools
GreatSchools rating
- 8/10Pine Avenue Elementary SchoolGrades: 4-5Distance: 0.2 mi
- 6/10Donald L. Pavlik Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Alma Senior High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- District: Alma Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$108,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$108,900
- Michigan
- Gratiot County
- Alma
- 48801
- 521 Richmond St
Nearby cities
Nearby zip codes
Other Alma Topics
