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

Investment Properties for Sale in Alpena, MI

Property at 2337 Emmet St, Alpena, MI
Listed for sale today
$ 184,900
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign263
  • 3 Bed
  • 1 Bath
  • 1200 sft
2337 Emmet St, Alpena, MI, 49707
Property at 215 Fair Ave, Alpena, MI
Listed for sale 1 day ago
$ 349,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign119
  • 4 Bed
  • 2 Bath
  • 3108 sft
215 Fair Ave, Alpena, MI, 49707
Property at 303 McKinley Ave, Alpena, MI
Listed for sale 1 day ago
$ 153,000
ROI
23.1ROI percentage
Cash Flow/m
Dollar sign144
  • 3 Bed
  • 1 Bath
  • 1916 sft
303 McKinley Ave, Alpena, MI, 49707
Property at 126 Garfield St, Alpena, MI
Listed for sale 1 day ago
$ 249,000
ROI
20.3ROI percentage
Cash Flow/m
Dollar sign35
  • 3 Bed
  • 3 Bath
  • 1474 sft
126 Garfield 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.

Find Your Perfect Investment Property in Alpena, Michigan

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Alpena, MI
Fix and Flip Properties in Alpena, MI
Short-Term Rental Properties in Alpena, MI
AI