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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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36984 Division Rd , Richmond, MI 48062
$2,490,000
Est. Payment: $5,533.33/mo
0 Bed
0 Bath
11808 Sqft
Status: Active | Days on site: 55
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375382 - 458524
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Nicholas Ottoy , 248-214-7957 EXP Realty Main , 888-501-7085.

Property Type

Commercial Sale
Lot/Acreage
1.57

Year Built

1982

County

Macomb

 School District

Richmond

Listing ID

20261057007

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Basement:Basement

Exterior Features
Principal Interest
$5,533
Taxes
$3,225

Home Price

$2,490,000

Loan Details

30 yrs
%

Down Payment

20%
$498,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,533.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,533.33 $3,224.75 $0.00 $8,758.09
Yearly $66,400.00 $38,697.06 $0.00 $105,097.06
Total $1,992,000.00 $1,160,911.80 $0.00 $3,152,911.80

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Richmond, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.