Alma Investment Opportunity: Multi-Unit
For Sale
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318 Woodworth Avenue, Alma, MI 48801
3-4 unit property in Alma, MI, ready for renovation.
Property SizeContact for details
Days on Market714
Property Features for 318 Woodworth Avenue
General Information
Standard status
Active
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Lee-Mac Realty
(989) 737-3927
Listed By:
Bob Fall · License #6506049037
Source:
Crexi
Added: Sep 6, 2024
Changed: Aug 11
Last Checked: Aug 19 at 11:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Lee-Mac Realty
Investment Insights
Based on property information with market context.
Located in Alma, MI, this 3-4 unit property presents an investment opportunity. The property has been completely gutted and is primed for renovation, offering creative freedom for investors or developers. Situated just off the business district in a quiet neighborhood, the property provides access to Alma College, downtown amenities, parks, and local schools. The location is suitable for future tenants. All major demolition work has been completed, allowing for immediate commencement of the build phase. There is potential for 3 or 4 rental units, with ample off-street parking and outdoor space. This property offers the opportunity to create an income-generating property in a growing community.
Key Highlights
- Prime investment opportunity in a promising Alma, MI rental market.
- Blank canvas property, completely gutted and ready for renovation.
- Potential for 3‑4 rental units, allowing for design flexibility.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 48801, MI
13,006
Population
5,408
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
95%
High-School Grad
70.8 sq mi
ZIP Area
184
Density / Sq Mi
$57,449
Median Household Income
$30,146
Median Earnings
$795
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - 3-4 unit property in Alma, MI, ready for renovation.
Where is this multifamily property located?
The property is located at 318 Woodworth Avenue Alma, MI.
What is the asking price?
The asking price for this property is $138,000.
What are key features of this property?
This property features: Prime investment opportunity in a promising Alma, MI rental market.; Blank canvas property, completely gutted and ready for renovation.; Potential for 3‑4 rental units, allowing for design flexibility.
