318 Woodworth Ave, Alma, MI 48801
For Sale
1 / 9
S. on Woodworth from Superior. Exciting Investment Opportunity in Alma, MI: 3-4 Unit Property Ready for Transformation! Located in the heart of Alma, this 3-4 unit property presents a rare investment opportunity. Completely gutted and primed for renovation, the possibilities are endless for a savvy investor or developer looking to bring this property back to life. Whether you're envisioning spacious multi-family living units or custom-designed apartments, the blank canvas allows for creative freedom. Situated just off of the business district in a quiet neighborhood, this property offers easy access to Alma College, downtown amenities, parks, and local schools, making it an ideal location for future tenants. With demand for rental units rising in Alma, this is a prime chance to design a high-demand space with modern amenities. All major demo work has been completed, allowing you to jump straight into the build phase. Potential for 3 or 4 rental units with ample off-street parking and outdoor space. Bring your vision, contractors, and design ideas to create a lucrative income-generating property in a growing community. Don't miss this blank-slate opportunity in one of Mid-Michigan's most promising rental markets!
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Laverne J. Berryo, DC Alternative Medicine Practice
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.