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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Alpena, MI
$ 220,000
ROI
24.9
Cash Flow/m
313- 3 Bed
- 2 Bath
- 1118 sft
3511 S 3rd Ave, Alpena, MI, 49707
$ 324,500
ROI
25.8Cash Flow/m
546- 3 Bed
- 3 Bath
- 2537 sft
1326 Fox Farm Dr, Alpena, MI, 49707
$ 340,000
ROI
28.3Cash Flow/m
807- 3 Bed
- 3 Bath
- 2294 sft
166 Long Rapids Rd, Alpena, MI, 49707
$ 242,800
ROI
26.0Cash Flow/m
424- 3 Bed
- 2 Bath
- 1304 sft
300 W Washington Ave APT 206, Alpena, MI, 49707
Why Invest in Alpena, Michigan?
Investing in Alpena, MI condos offers unique opportunities in a thriving small city known for its strong rental market and attractive appreciation rates. With an average ROI of 6.5%, investors benefit from solid cap rates around 8% and stable rental yields nearing 7%. The local economy featuring major employers supports steady demand, maintaining renter occupancy near 75%. Additionally, Alpena's appreciation trends and cash flow potential make condos particularly appealing for discerning investors.
6.5%
Avg. ROI
6.8%
Rental Yield
8%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Alpena, MI is approximately 6.8%, reflecting a stable rental market and demand.
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