Property Type:
Multi Family
Lot Size (sq. ft.):
8,276
Status:
Pending
Current Price:
$169,900
List Date:
1/23/2026
Last Modified:
2/10/2026
421 Prospect Avenue, Alma, MI 48801
$169,900
Description
With life changes comes great opportunities. This amazing 3 unit that's generating almost 3,000 a month is on the market. With all 3 rented out month to month and when rating nice income. Amazing opportunity close to alma college, a block off of downtown, close to shopping, restaurants, and night life. With a two year old roof, remodeled bathroom, new paint, flooring, and many updates this is an investors dream. Or possibly live in one unit and rent the other two out. This has endless possibilities and location location location. Set up your showing today! Won't last long!!!!
Laiting agent and self are related
More Information MLS# 25056452
Location & Property Info
Cross Streets: Downie and Prospect
Property Sub-Type: 2 to 4 Units
Area: Gratiot County - 11
Municipality: Alma
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 0
Road Frontage: 0
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 3
School District: Alma
Lot Measurement: Acres
Lot Square Footage: 8276
Lot Acres: 0.19
Year Built: 1917
Tax Info
Taxable Value: 103700
SEV: 103700
For Tax Year: 2025
Seller's Annual Property Tax: 3400
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 0
Zoning: residential
Tax ID #: 51-344-796-00
Remarks & Misc
Public Remarks: With life changes comes great opportunities. This amazing 3 unit that's generating almost 3,000 a month is on the market. With all 3 rented out month to month and when rating nice income. Amazing opportunity close to alma college, a block off of downtown, close to shopping, restaurants, and night life. With a two year old roof, remodeled bathroom, new paint, flooring, and many updates this is an investors dream. Or possibly live in one unit and rent the other two out. This has endless possibilities and location location location. Set up your showing today! Won't last long!!!!
Laiting agent and self are related
Legal: COM 27 RDS 6 FT W & 17 RDS 5 1/2 FT N OF SE COR OF SW 1/4 OF SW 1/4 OF SEC 34-12-3, TH W 81 FT N 55 FT E 10 FT N 55 FT 8 IN E 71 FT S 110 FT 8 IN TO BEG.
Waterfront Options
Water Access Y/N: No
Lot Description
Corner Lot: 1
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
None: 1
Water
None: 1
Terms Available
Cash: 1
Conventional: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Laundry Features
In Basement: 1
Exterior Material
Aluminum Siding: 1
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Concrete: 1
Substructure
Full: 1
Extras
Garages: 1
Tenant Storage: 1
Owner Pays
Water: 1
Unit 1
Unit Description: lower level
SqFt: 1800
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 3
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 2
Unit Description: upper
SqFt: 1200
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: upper studio
SqFt: 900
Occupied: No
Monthly Rent: 600
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Gratiot
Street #: 421
Street Name: Prospect
Suffix: Avenue
State: MI
Zip Code: 48801
Zip (4): 1651
OfficeContract Info
Status: Pending
Current Price: $169,900
List Price: $169,900
Listing Date: 2025-11-03
Remarks Misc
Directions: from w superior drive head north on prospect one block and its on the corner or downie and prospect
Status Change Info
Under Contract Date: 2026-02-10
Property Features
Laundry Features: In Basement
Exterior Material: Aluminum Siding; Vinyl Siding
Roofing: Composition
Substructure: Full
Lot Description: Corner Lot
Sewer: None
Water: None
Utilities Attached: Natural Gas Connected
Util Avail at Street: Cable Available
Extras: Garages; Tenant Storage
Owner Pays: Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Driveway: Concrete
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Listing Office:
Properties With Bobbi LLC
Listing Agent:
Shane H Vansyckle
Last Updated: February - 10 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
