Basics
| Status Active | Category CommercialSale | Type RealEstateOnly | Year built 1982 |
| Area, sq ft 11808 sq ft | MLS ID 20261057007 | Date added Added 10 hours ago | Lot Size Acres 1.57 acres |
| Address RichmondCity_Macomb, Michigan, 48062 | Business Type Apartments | Cooling WallWindowUnits | Year Remodeled 2026 |
Description
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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.
Building Details
- Roof: Asphalt
- Construction Materials: VinylSiding
- Basement: SumpPump
- Basement YN: Yes
- Sewer: PublicSewer
- Heating: Baseboard, WallFurnace
- Garage YN: No
- Current Use: MultiFamily
- Building Features: DoorsUnder10ft, DeHumidifier, ENERGYSTARQualifiedWindows, GutterGuardSystem, OutsideLighting, ProgrammableThermostat, Sidewalks
- Levels: Two
Location
- City / Department: RichmondCity_Macomb
- State: Michigan
- Zip / Postal Code: 16479
- County Or Parish: Macomb
Amenities & Features
- Waterfront YN: No
- Electric: Volts220, CircuitBreakers
- Fireplace YN: No
- Utilities: AboveGroundUtilities
- Pool YN: No
- Fencing: FencingAllowed
- Parking Features: ParkingLot, OnSite
- WaterSource: SeparateMeters
Financial
- Homestead YN: No
School Information
- High School District: Richmond
Miscellaneous
- Listing Terms: Cash, Conventional, Trade1031Exchange
Courtesy of
- List Office Name: EXP Realty Main