$65,000 · ALMA, MI 48801
Works for flippers

Available

$65,000Asking price

3 bd · 1 ba · 816 sq ft · built 1950

ALMA, MI 48801

No contract on file

via InvestorLift Classic

Listed Nov 6

Works for flippers

The Numbers

Sells for (ARV)From the listing: $142,000
Asking price: −$65,000
RepairsThe seller’s figure. Ours: $22,000 – $40,000: −$20,000
Loan, holding, closing20% down, 12% interest, 2 points, 68 days: −$8,413
Profit34.2% of ARV · flippers want 10%+: $48,587
Works

Works for a flipper up to $97,000.

PRIME DISPOSITIONS

Brittany Schahuber

No reviews yet

Comps

ARV $142,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $114,000.

The sales behind this value are shown to members.

ARV $142,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PRIME DISPOSITIONS

Brittany Schahuber

No reviews yet

Seller Description

Buy Now Price: $65,000 + Closing Costs

ARV: $142,000

Property Highlights

Property: 1.5-story | 2 Bed + attic 3rd bedroom | 1 Bath | 816 sq ft
Lot: 0.22 acres
Year Built: ~1940s–1950s
Foundation: Full basement
Construction: Siding/Vinyl
Parking: Driveway
Occupancy: Owner occupied

Rehab & Condition Notes

Plumbing: Repairs needed for toilet/drainage and the washing machine drain line in the basement broke and several inches of water leaked onto the basement floor.
Exterior: Exterior brick chimney needs repointing/mortar repair
Interior: Standard cosmetic refresh
Roof/Electrical/HVAC: Good

Investor Insight

Corner Lot (2 City Lots) | Flexible Layout | Flip-Focused

Light value-add opportunity for investors looking to create equity through targeted plumbing repairs and cosmetics rather than a full gut renovation.

The finished attic gives the property more functionality than a standard 2-bedroom home and creates an easy marketing angle as a 2-bedroom plus bonus room / potential 3rd sleeping area.

The two-city-lot corner setting gives the property more yard space and frontage than many smaller in-town Alma homes, improving owner-occupant appeal.

The property sits in an established in-town Alma residential area with convenient access to downtown, Alma College, parks, shopping, and everyday services. Alma’s downtown is centered around Superior Street and includes restaurants, coffee shops, a bookstore, brewery, arts/community uses, and other small businesses.

Investor Takeaway: This is a simple Alma value-add with a conservative retail target and several built-in features already working in the investor’s favor. The home offers a flexible attic / 3rd-bedroom setup, full basement, long driveway, rear deck, and two city lots, while nearby 800–900 sq ft homes. Complete the targeted repairs and cosmetics, and the ~$142K exit sits comfortably inside the local resale range.