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36984 Division Rd Richmond, MI 48062
11,808 SqFt
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 11,808 sqft
Price per Sqft $204
Subdivision Mi
MLS Listing ID 61014466
Annual Tax Amount $38,697
Lot Size 1.570 Acres
Acres 1.57
Lot Dimensions 278x308
Property Sub-Type Commercial/Industrial
Property Description
Excellent investment opportunity in Richmond! Well-maintained 25-unit multifamily property offering strong current income with additional upside potential. The property is currently 100% occupied with a Net Operating Income (NOI) of $164,494.65. Situated on approximately 1.68 acres with roughly 180 feet of frontage on Division Road, the property offers convenient access to M-19 and surrounding communities. Features include spacious units, ample on-site parking, storage sheds providing supplemental income, and additional potential through future rent growth. Financials, rent roll, and additional property information available upon request. Please do not disturb tenants. Showings by appointment only with proof of funds or lender qualification preferred. Seller is a licensed real estate agent.
Location
State MI
County Macomb
Area Richmond (50032)
Zoning Multi-Family
Interior
Heating Baseboard
Exterior
Roof Type Asphalt
Building
Foundation Basement
Structure Type Vinyl Siding
Others
Financing Cash,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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