36984 Division Rd, Richmond, MI 48062
36984 Division Rd, Richmond, MI 48062
36984 Division Rd, Richmond, MI 48062
36984 Division Rd, Richmond, MI 48062
36984 Division Rd, Richmond, MI 48062
36984 Division Rd, Richmond, MI 48062
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Maria Perez

Maria Perez

+1(734) 309-1316
$ 2,490,000
Est. payment | /mo

11,808 SqFt

Save
$ 2,490,000
Est. payment | /mo
Save

11,808 SqFt

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 11,808 sqft

Price per Sqft $210

MLS Listing ID 20261057007

Year Built 1982

Lot Size 1.570 Acres

Acres 1.57

Property Sub-Type RealEstateOnly

Property 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.

Location

State MI

County Macomb

Area Area03032Richmond

Rooms

Basement Sump Pump

Interior

Heating Baseboard, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features ParkingLot, OnSite

Fence Fencing Allowed

Utilities Available AboveGroundUtilities

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Block, SumpPump

Sewer Public Sewer

Water SeparateMeters

New Construction No

Schools

School District Richmond

Others

Senior Community false

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition AgentOwned, ShortSaleNo

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Nicholas Ottoy of EXP Realty Main

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Maria Perez

+1(734) 309-1316

movingwithmia@outlook.com

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36984 Division Rd