MeganBlack
SQUARE FEET11,808
MLS#20261057007
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLRichmond
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.
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Sump Pump
Cooling: Wall Window Units
Heating: Baseboard, Wall Furnace
Lot Size: 1.57 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $38,697
Year Built: 1982
Feature Descriptions
Accessibility: AccessibleApproachWithRamp, AccessibleBedroom, AccessibleCentralLivingArea, AccessibleClosets, AccessibleCommonArea, AccessibleDoors, AccessibleEntrance, AccessibleHallways, AccessibleKitchen, AccessibleKitchenAppliances, CustomizedWheelchairAccessible, S
Building Features: Doors Under10ft, De Humidifier, E N E R G Y S T A R Qualified Windows, Gutter Guard System, Outside Lighting, Programmable Thermostat, Sidewalks
Days on Site: 41
Exterior: Vinyl Siding
Fencing: Fencing Allowed
Lot Dimensions: 278x308
Other Structures: Sheds
Parcel#: 50070601128031
Parking: Parking Lot, On Site
Parking Notes: Parking Lot, On Site
Security: Smoke Detectors
Sewer: Public Sewer
Summer Tax: 37695.12
Units: 25
Utilities: Above Ground Utilities
Water: Separate Meters
Winter Tax: 1001.94
Local Schools
School District: Richmond
Listed By / Shown By
Listed By
Agency Name: EXP Realty Main
Agency Phone: 8885017085
Shown By
Agent Name: Megan Black
Agent Phone: (810) 227-1016 ext. 210
Agency Title: Griffith Realty
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36984 Division Rd | MLS# 20261057007
This commercial property located at 36984 Division Rd, Richmond, Mi 48062 is currently listed for sale with an asking price of $2,490,000. Division Rd is located within the Richmond school district. Search Richmond real estate on mblack.griffithrealty.com today.