Unique opportunity featuring two properties being sold together! This offering includes a former church and neighboring parsonage, both situated in a residentially zoned area. The parsonage offers 3 bedrooms and 1.5 baths, while the former church property includes 2 bedrooms and a half bath, providing a variety of possibilities for the next owner. Whether you’re looking for additional living space, a multi-building property, or a unique project with plenty of character, this property is ready for your vision. Both properties are being sold together, or are offered separately. Buyer and buyer’s agent to verify zoning, permitted uses, and any requirements for intended use with the appropriate municipality.
This home has been privately owned and not offered to the public for many years, presenting a truly unique opportunity. It offers a rareopportunity to secure a truly income-producing asset with multiple revenue streams. The main home features 4 bedrooms, 2 bathrooms,two full kitchens, first floor laundry and several additional rooms that can easily function as extra bedrooms or flexible living spaces.1021 sq ft of basement provides valuable storage. A newer 1176 sq ft apartment has 2-bedroom, 2-bath and a large covered deck isideal for premium rental income. Plus, the property also includes two single-room studio units, perfect for consistent, low-maintenancecash flow. There is also a 13 x 38 storage area/workshop. The location adds even more value: the property is less than two miles froma vibrant downtown district, the local hospital, and major shopping centers — all strong drivers of year-round tenant demand. A largeconcrete driveway offers ample parking for multiple vehicles, enhancing convenience for residents and visitors alike. Overall, this is aversatile, high-yield investment with strong rental potential.
Courtesy: 43 NORTH REALTY
Micah Kemler
Ready to start or add the perfect multi-unit property to your investment portfolio in the heart of downtown Alma? Well, look no further! Check out this well-maintained, income-producing triplex in one of Alma’s most desirable rental locations. Generating nearly $2,100 per month in rental income, this property has a proven track record of strong occupancy and consistent cash flow, with all three units enjoying an excellent rental history. Location is everything, and this property definitely checks that box! Situated in the heart of downtown Alma, tenants can walk to Alma College, downtown shopping, coffee shops, restaurants, churches, convenience stores, and many other local amenities, making it highly attractive to renters year after year. Each of the three one-bedroom, one-bathroom apartments offers convenient living spaces, including two main-floor units and a spacious upper-level unit. The property features separate gas and electrical meters for each apartment, keeping landlord expenses low, and maximizing cashflow. The owner is responsible for only one monthly utility bill covering water/sewer and trash service, making this an efficient and easy-to-manage investment. Whether you’re looking to expand your investment portfolio or purchase your first income property, this turnkey triplex offers the ideal combination of location, strong rental history, and dependable income. Seller is a licensed real estate broker in the State of Michigan.
Ready to start or add the perfect multi-unit property to your investment portfolio in the heart of downtown Alma? Well, look no further! Check out this well-maintained, income-producing triplex in one of Alma’s most desirable rental locations. Generating nearly $2,100 per month in rental income, this property has a proven track record of strong occupancy and consistent cash flow, with all three units enjoying an excellent rental history. Location is everything, and this property definitely checks that box! Situated in the heart of downtown Alma, tenants can walk to Alma College, downtown shopping, coffee shops, restaurants, churches, convenience stores, and many other local amenities, making it highly attractive to renters year after year. Each of the three one-bedroom, one-bathroom apartments offers convenient living spaces, including two main-floor units and a spacious upper-level unit. The property features separate gas and electrical meters for each apartment, keeping landlord expenses low, and maximizing cashflow. The owner is responsible for only one monthly utility bill covering water/sewer and trash service, making this an efficient and easy-to-manage investment. Whether you’re looking to expand your investment portfolio or purchase your first income property, this turnkey triplex offers the ideal combination of location, strong rental history, and dependable income. Seller is a licensed real estate broker in the State of Michigan.
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!
REMODELED 1.5 STORY DUPLEX FOR SALE! This investment opportunity is located on the Southeast side of Alma and has been completely updated since the owners bought it in the Fall of 2024. The lower unit offers 2 bedrooms, a bathroom, a living room, a back deck and a kitchen. The upper unit offers 1 bedroom, 1 bathroom, a living room and a kitchen. Major updates include the following: flooring, paint, one furnace, electrical, numerous plumbing updates, lighting, etc. Spacious back yard is very deep per county records. ***All information has been utilized from public record and/or Seller and should be verified by the Buyer.***
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!
This 3.45-acre mixed-use property offers a unique investment opportunity with both steady residential and commercial rental income. It features four fully-rented apartment units, with a fifth unit nearing completion, as well as a newer 400-foot, 5-inch well. The property also includes a commercial building with store frontage, office space, and a special-purpose 80x40 barn, built in 2011. Currently, a dog grooming business rents the commercial space on a month-to-month basis. Additionally, there is a 40x80 pole building, offering future potential for business expansion or storage use. Conveniently located just off US-127, the property provides a prime location for business opportunities while maintaining consistent rental income from the residential units and commercial tenant. With a mix of residential and commercial space, along with room for further development, this property presents an excellent opportunity for investors looking for versatility and steady returns.
Alma is located in Michigan. Alma, Michigan has a population of 9,426. Alma is less family-centric than the surrounding county with 21.2% of the households containing married families with children. The county average for households married with children is 26.14%.
The median household income in Alma, Michigan is $39,898. The median household income for the surrounding county is $53,347 compared to the national median of $69,021. The median age of people living in Alma is 32.4 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 32.9 inches per year, with 41.6 inches of snow per year.
