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3,720 sqft

$50,043

230 Ely Street, Alma MI, 48801

Price per sqft$13.45
Built in1959
Property size3,720 sqft
Property typeMulti-family
Listed by Micah Kemler with 43 NORTH REALTY Listing Contact:

Overview

Active

Listed Jun 7, 2026

Updated 4 days ago

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!

$333/mo

Est. mortgage payment based on a $50,043 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1946299

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$2,656
Tax Frequency
Annually
Association Fee Frequency
Yearly
MLS provider logo

Listed by Micah Kemler with 43 NORTH REALTY
Listing Contact:  

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 10/6/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Northern Great Lakes REALTORS® MLS all rights reserved.

Data last updated on 10/6/2026 at 3:21 AM UTC

 

 

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