430 Bridge Avenue, Alma, MI 48801
- $305,000
- 8
- BD
- 5
- BA
- 4,288
- SqFt
- List Price
- $305,000
- Days on Market
- 225
- Status
- ACTIVE
- MLS#
- 1941200
- Bedrooms
- 8
- Bathrooms
- 5
- Full Baths
- 5
- Living Area
- 4,288
- Lot Size (Acres)
- 0.32
- Style
- Apartment
- Year Built
- 1944
Property Description
This home has been privately owned and not offered to the public for many years, presenting a truly unique opportunity. It offers a rare opportunity 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 is ideal for premium rental income. Plus, the property also includes two single-room studio units, perfect for consistent, low-maintenance cash flow. There is also a 13 x 38 storage area/workshop. The location adds even more value: the property is less than two miles from a vibrant downtown district, the local hospital, and major shopping centers — all strong drivers of year-round tenant demand. A large concrete driveway offers ample parking for multiple vehicles, enhancing convenience for residents and visitors alike. Overall, this is a versatile, high-yield investment with strong rental potential. The seller is in the process of adjusting the concrete elevation to help prevent water intrusion in the basement. If the work is not completed prior to closing, the seller will escrow funds to cover the cost.
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Additional Information
- Building Name
- Metes And Bounds
- Taxes
- $3,377
- Stories
- 1
- Interior Features
- In-Law Floorplan, Walk-In Closet(s), Formal Dining Room, Workshop, Beamed Ceilings
- Amenities
- None
- Flooring
- Tile, Carpet, Vinyl
- Exterior Features
- Balcony, Rain Gutters
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Sewer
- Public Sewer
- School District
- Alma Public Schools
Mortgage Calculator
Listing Courtesy of 43 NORTH REALTY. 989-463-1219