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$2,680,000
Est. payment /mo
11,808 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,808 sqft
Price per Sqft $226
MLS Listing ID 20261057007
Year Built 1982
Annual Tax Amount $38,697
Lot Size 1.570 Acres
Acres 1.57
Lot Dimensions 278x308
Source Realcomp
Property Description
Excellent investment opportunity in Richmond! Well-maintained 25 unit multi-family property offering strong income potential. Currently 100% occupied with a Net Operating Income (NOI) of $191,560. Conveniently located on Division Road with approximately 180 feet of road frontage and easy access to M-19 and surrounding communities. The property features spacious units, ample parking, and a large lot, providing an attractive opportunity for investors or owner-occupants. Financials available upon request. Schedule your private showing today. Seller is a licensed agent.
Location
State MI
County Macomb
Zoning Multi-Family
Direction Division Rd (32 Mile Rd), east of Main St. (M-19). Property on the north side of Division Rd.
Rooms
Basement Basement
Interior
Heating Baseboard
Exterior
View Y/N No
Building
Foundation Block
Structure Type Vinyl Siding
Schools
School District Richmond
Others
Tax ID 50070601128031
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Listed by EXP Realty Main
Nearby School & Business
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