Investment Properties for Sale in Alpena, MI
Listed for sale 3 days ago
$ 124,900
ROI
23.9
Cash Flow/m
144- 2 Bed
- 1 Bath
- 939 sft
2337 Werth Rd, Alpena, MI, 49707
Listed for sale 5 days ago
$ 104,900
ROI
24.7Cash Flow/m
145- 2 Bed
- 1 Bath
- 762 sft
1065 Pine Rd, Alpena, MI, 49707
Listed for sale 6 days ago
$ 195,500
ROI
24.0Cash Flow/m
231- 3 Bed
- 2 Bath
- 2356 sft
2737 S 3rd Ave, Alpena, MI, 49707
$ 109,900
ROI
23.6Cash Flow/m
118- 2 Bed
- 1 Bath
- 2730 sft
426 W Mirre St, Alpena, MI, 49707
Why Invest in Alpena, Michigan?
Investing in Alpena, MI real estate offers promising opportunities with steady rental yields and strong appreciation. This city benefits from an average ROI of 7%, a cap rate around 6%, and a cash flow that supports long-term wealth creation. The rental market is bolstered by a renter-occupied rate exceeding 45%, making it a viable location for multifamily and rental investments. Alpena's stable average rent and growing local economy enhance its attractiveness for investors seeking balanced risk and reward.
7%
Avg. ROI
6%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Alpena is about 6%, reflecting a stable rental market for investment properties.
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