70190 Main Street, Richmond, MI 48062

• 10 beds |
• 6 baths |
• 4,662 sqft

Property 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.

Listing Status:

Active

Listing Office:

KW Platinum : 5869490200

Listing Agent:

Pam MacKay-LeVien : 5867640496

MLS ID:

58050194315

Interior

• Appliances: DishwasherDryerOvenRefrigeratorRangeWasher
• Basement: Partially finished
• A/C: Ceiling fansWall window unitsWindow units
• Heating: BaseboardForced airNatural gasRadiantSeparate meters

Exterior

• Other Structures: Porch
• Parking: Carport

Construction

• General: Vinyl sidingTwoBasementSlab

Location

• Originating MLS: MiRealSource
• School District: Richmond
• County: Macomb

Lot

• Zoning: AMENDED PLAT LOF LOTS 7101216AND 17 "ASSESSOR'S PLAT NO. 1" LOT 12 L.139-P.47 CITY OF RICHMOND070335276046

Utilities

• Water: Public
• Sewer: Public sewer

Financial

• Source: MiRealSource

This listing courtesy of Pam MacKay-LeVien, KW Platinum