About 36984 Division Rd
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.
Features of 36984 Division Rd
| MLS® # | 20261057007 |
|---|---|
| Price | $2,490,000 |
| Bathrooms | 0.00 |
| Square Footage | 11,808 |
| Acres | 1.57 |
| Year Built | 1982 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 36984 Division Rd |
|---|---|
| Area | 03032 - Richmond |
| City | Richmond city |
| County | Macomb |
| State | Michigan |
| Zip Code | 48062 |
Amenities
| Utilities | Above Ground Utilities |
|---|---|
| Parking | Parking Lot, On Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Wall Furnace |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Construction | Vinyl Siding |
|---|---|
| Foundation | Basement, Block, Sump Pump |
School Information
| District | Richmond |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | EXP Realty Main |
|---|---|
| Contact Info | nicholas.ottoy@exprealty.com |