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About the Listing 375382 - 458524
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.
Interior Details
- Appliances:
- Air Cond:
- Heating: Baseboard,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 11808
- Basement: Basement
- Other: 2 Story,Baseboard,Wall Furnace
- Water: Separate Meters
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 278x308
- Zoning: Multi-Family
- Roof: Asphalt
- Others: Vinyl,Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $38,697
- Taxes w/Assessments: N/A
- Tax/Property ID: 50070601128031
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
36984 Division Rd Richmond, MI 48062
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