230 Ely Street, Alma, MI 48801

• 3,720 sqft

Property Description

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!

Listing Status:

Active

Data Last Updated:

July 7, 2026 at 1:08PM

Listing Office:

43 NORTH REALTY : 989-463-1219

Listing Agent:

Micah Kemler :

MLS ID:

1946299

Interior

• Appliances: None
• Basement: Crawl Space
• A/C: Multi Units
• Heating: Forced AirNatural Gas
• Fireplace: None
• Disability Feature: None

Exterior

• General: Sidewalk
• Parking: None

Construction

• Roofing: AsphaltMetal
• General: FrameVinyl Siding2

Location

• Road/Access: Asphalt
• HOA Amenities: Annually
• Originating MLS: NGLRMLS API
• School District: Alma Public Schools
• County: Gratiot

Lot

• Zoning: COM 14 RDS S 34 RDS E OF NW COR OF SE 1/4 OF NW 1/4 SEC 3-11-3S 92 FT 3 INE 3 1/2 RDSN 92 FT 3 INW 3 1/2 RDS TO BEG

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NGLRMLS API
• Ownership: Corporation