Heather Hosking - Arterra Realty Logo
$2,490,000
( $210.87Per Sq Foot )
 $13,367 est/mo Sourced by Back At You

36984 Division Rd,Richmond, MI 48062

Richmond, MI 48062

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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.

Details

MLS #61014466
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site57
Listing Provided ByEXP Realty Main | Nicholas Ottoy

Features

SQ Feet11,808
BasementY
ZoningMulti-Family
Acreage1.57

Interior

Heating Yes / NoYes
HeatingBaseboard
AppliancesGas Water Heater

Exterior

RoofAsphalt
Security FeaturesSecurity Lights
Construction MaterialsVinyl Siding
Foundation DetailsBasement

Other

List AorReal Comp

Taxes

Property38697

Area Information

StateMI
CountyMacomb
CityRichmond
Zip Code48062
AreaRichmond (50032)
Listing VS Median (in 48062)
Price:
$2,490,000
low | high
Med:
$410,000
100% of Average
sqft:
11,808
low | high
Med:
2,925
100% of Average
$ / sqft:
$211
low | high
Med:
$140
83.528575841829% of Average
On site:
57
low | high
Med:
33
100% of Average
Sourced by Back At You

Market Activity 48062

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Additional Information

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Learn More About This Property

Heather Hosking

Heather Hosking

Arterra

432975 (586) 489-7725heather.hosking@arterrarealty.com
StateMI
CountyMacomb
CityRichmond
Zip Code48062
AreaRichmond (50032)
Listing VS Median (in 48062)
Price:
$2,490,000
low | high
Med:
$410,000
100% of Average
sqft:
11,808
low | high
Med:
2,925
100% of Average
$ / sqft:
$211
low | high
Med:
$140
83.528575841829% of Average
On site:
57
low | high
Med:
33
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.867M - $3.112M
sqft: 8,500 - 14,500
Nearby Listings Property ImageNearby Listings Details
36984 Division Rd Property Photo 1
$2,490,000
36984 Division Rd
Richmond, MI 48062
Listing Updated: August 27, 2026 at 8:29:58 AM PDT