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

Multi Family Investment Properties for Sale in Alpena, MI

Property at 227 Saginaw St, Alpena, MI
Currently Rented
$ 160,000
ROI
28.2ROI percentage
Cash Flow/m
Dollar sign375
  • 3 Bed
  • 2 Bath
  • 1500 sft
227 Saginaw St, Alpena, MI, 49707
Property at 212 E Palm St, Alpena, MI
$ 113,500
ROI
41.0ROI percentage
Cash Flow/m
Dollar sign670
  • - Bed
  • - Bath
  • 1680 sft
212 E Palm St, Alpena, MI, 49707
Property at 327 Long Lake Ave, Alpena, MI
$ 139,999
ROI
32.4ROI percentage
Cash Flow/m
Dollar sign492
  • - Bed
  • - Bath
  • 2805 sft
327 Long Lake Ave, Alpena, MI, 49707
Property at 521 W Miller St, Alpena, MI
$ 119,700
ROI
48.5ROI percentage
Cash Flow/m
Dollar sign958
  • 4 Bed
  • 2 Bath
  • 1920 sft
521 W Miller St, Alpena, MI, 49707

Why Invest in Alpena, Michigan?

Investing in multi-family properties in Alpena, MI presents a strategic opportunity for stable cash flow and moderate appreciation. The local rental market benefits from a cap rate averaging around 7%, with rental yields close to 9%. Alpena's economy is supported by steady employment growth and a relatively affordable housing supply. Investors gain exposure to nearly 90% renter occupancy, enhancing income predictability in this Michigan community.

8.5%
Avg. ROI
9%
Rental Yield
7%
Cap Rate
$550/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation

Frequently Asked Questions

The average cap rate for multi-family properties in Alpena is approximately 7%, providing a reasonable return for investors in this market.

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