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36984 Division Rd Richmond, MI 48062
11,808 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,808 sqft
Price per Sqft $210
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 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
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
Listed by EXP Realty Main
NEARBY SCHOOLS & PROPERTIES
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