70190 Main Street, Richmond, Michigan 48062

$550,000

Property Details

MLS#: 58050194315
Bedrooms: 10
Bathrooms: 6
Square Feet: 4,662
Price per Sqft: $118
Lot Size: 0.34 acres
Year Built: 1910
Property Type: ResidentialIncome
Status: Active
Days on Market: 99

Description

Incredible investment opportunity with this fully occupied five-unit multi-family property located just minutes from Downtown Richmond. This property is ideal for both seasoned and new investors. It features two separate buildings. The main house is a triplex that includes a one-bedroom, one-bath unit of approximately 600 square feet, a two-bedroom, one-bath unit of approximately 850 square feet, and a two-bedroom, two-bath unit of approximately 1,100 square feet with a finished basement and carport. Each unit has been well maintained with updates such as newer furnaces, hot water tanks, AC wall units, flooring, and kitchen and bath remodels. The rear duplex was fully converted in 2021 from a storage structure into two modern apartments. The renovation included all-new utilities for gas, water, sewer, and electric, along with new interiors, fixtures, flooring, and a fire suppression system. One unit offers three bedrooms and one bath, and the other includes two bedrooms, one bath, and a small office. All units are separately metered for gas, electric, and water, which helps maintain low operating expenses. Tenants are currently on month-to-month leases, offering flexibility for the next owner. With its recent updates, efficient utilities, and strong rental performance, this property is a turnkey, income-producing investment in a prime Richmond location. Showings will be accommodated with an accepted offer.

Location

This property is located in Richmond, Michigan. Richmond is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 70190 Main Street?

70190 Main Street is listed at $550,000, or $118 per square foot.

How many bedrooms does 70190 Main Street have?

This property has 10 bedrooms and 6 bathrooms, with 4,662 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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