Investment Properties for Sale in Alpena, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Investment Properties for Sale in Alpena, MI

Property at 8420 Us Highway 23 N, Alpena, MI
Listed for sale 1 day ago
$ 175,000
ROI
24.2ROI percentage
Cash Flow/m
Dollar sign217
  • 2 Bed
  • 2 Bath
  • 1104 sft
8420 Us Highway 23 N, Alpena, MI, 49707
Property at 1090 Oakridge Dr, Alpena, MI
Listed for sale 3 days ago
$ 283,500
ROI
20.3ROI percentage
Cash Flow/m
Dollar sign38
  • 3 Bed
  • 2 Bath
  • 2432 sft
1090 Oakridge Dr, Alpena, MI, 49707
Property at 415 Marywood Dr, Alpena, MI
Listed for sale 3 days ago
$ 219,900
ROI
31.0ROI percentage
Cash Flow/m
Dollar sign688
  • 3 Bed
  • 3 Bath
  • 2324 sft
415 Marywood Dr, Alpena, MI, 49707
Property at 734 Clinton St, Alpena, MI
Listed for sale 7 days ago
$ 209,900
ROI
31.9ROI percentage
Cash Flow/m
Dollar sign710
  • 3 Bed
  • 2 Bath
  • 1188 sft
734 Clinton 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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