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$2,490,000
59 Days On Site

36984 Division Rd
Richmond City, MI 48062

For Sale|Commercial Sale|Active
33
Beds
0
Total Baths
11,808
SqFt
$211
/SqFt
1982
Built
County:
Macomb
Call Now: 810-360-3488
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810-360-3488
36984 Division Rd36984 Division Rd36984 Division Rd36984 Division Rd
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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.

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Listing Snapshot
Price 
$2,490,000
Days On Site 
59 Days
Bedrooms 
33
Inside Area (SqFt) 
11,808 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.57 Acres
Year Built 
1982
MLS® Number 
20261057007
Status 
Active
Property Tax 
$38,697.06
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
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What's This?
Private
Recent Activity
4 weeks agoPrice changed to $2,490,000
4 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
1.57
Additional Property Use 
Multi-Family
Building Features 
DoorsUnder10ftDeHumidifierENERGYSTARQualifiedWindowsGutterGuardSystemOutsideLightingProgrammableThermostatSidewalks
Cross Street 
Division Road and Howard Street
Foundation 
Block
Levels 
Two
Parking 
Parking LotOn Site
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Above 
11808
SqFt Total 
11808
Zoning 
MultiFamily
Interior Features
Appliances 
Gas Water Heater
Basement 
Sump Pump
Cooling 
Wall/Window Unit(s)
Electric 
Circuit Breakers220 Volts
Heating 
BaseboardWall Furnace
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Exterior Features
Construction Details 
Vinyl Siding
Other Structures 
Shed(s)
Roof 
Asphalt
Community Features
Accessibility Features 
Accessible EntranceAccessible Approach with RampAccessible BedroomAccessible Central Living AreaAccessible ClosetsAccessible Common AreaAccessible DoorsAccessible Hallway(s)Accessible KitchenAccessible Kitchen AppliancesCustomized Wheelchair AccessibleSafe Emergency Egress from Home
Community Features 
Sidewalks
MLS Area 
Area03032Richmond
School District 
Richmond
Financing Terms Available 
CashConventional1031 ExchangeTrade
Roads 
Paved
Schools
School District
Richmond
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of EXP Realty Main: [email protected]



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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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