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11,808 sqft

$2,415,000

36984 Division Rd, Richmond City Macomb Michigan, 48062

Price per sqft$204.52
Built in1982
Property size11,808 sqft
Property typeCommercial

Overview

Active

Listed Jul 24, 2026

Updated 6 days ago

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.

Other Property Details

Taxes
$38,697
Tax Frequency
Annually
55+/Senior Community
No

 

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Data last updated 3:42 AM UTC, 10/6/2026

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