Excellent Investment Opportunity in the Heart of Algoma! This 4-unit multifamily property at 800 4th Street offers strong rental potential and is ideally located just blocks from Lake Michigan and downtown amenities. This building is perfect for investors or owner-occupants looking to generate rental income. Don?t miss this chance to own a versatile property in a growing lakeshore community. Schedule showings in ShowingTime.
Within minutes of Lake Michigan is this interior remodeled 2-Family offering great income potential as an Air BNB, Month to month or leases. If you?re not ready to buy a house just yet? let a tenant assist you in making your house payment while living here! 2-3 Bedroom 1st floor unit. 2 Bedroom upper unit. Separate utilities & basement access. Appliances & Dishwashers per unit. Updated vinyl windows and a steel roof. The all-brick exterior is great, although it may appear tough on the surface. Call to see, you'll be glad you did!
Open houses have been cancelled. Thank you. Well-maintained and updated side-by-side duplex within walking distance to Crescent Beach, park, school, shops and restaurants in downtown Algoma. 522 features newer flooring, ample oak kitchen cabinetry and counter space, open concept living area plus one stall garage. Full bath on main level, 2 beds upstairs. 524 has updated kitchen cabinets and new flooring on main level, open concept living area, spacious 1st floor bedroom plus 2 beds & half bath upstairs, large mudroom entry area and 2 stall garage. Full basement with separate/dedicated laundry areas. Separate utilities. 24 hour notice for showings. A fantastic opportunity for an owner-occupied property or add to your rental portfolio. Unit 524 Leased until Nov 1, 2026, then month to month.
Great investment property located in Algoma. Updates include fresh paint as of last year. Roof 2 years old. 3 out of the 4 units were updated in the last 5 years. $2900 rent per month. Heating; Forced Air, Heat Pump & Space Heater. Zoned C-1.
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Algoma is located in Wisconsin. Algoma, Wisconsin has a population of 3,221. Algoma is less family-centric than the surrounding county with 28.64% of the households containing married families with children. The county average for households married with children is 29.63%.
The median household income in Algoma, Wisconsin is $67,318. The median household income for the surrounding county is $72,328 compared to the national median of $69,021. The median age of people living in Algoma is 45.8 years.
The average high temperature in July is 77.1 degrees, with an average low temperature in January of 10.7 degrees. The average rainfall is approximately 31.1 inches per year, with 47.9 inches of snow per year.