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2675 Richton Street

Detroit, MI 48206
Square Ft.
4,870
Active
Multifamily
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$340,000
Turnkey investment opportunity situated in the highly desirable Boston-Edison Historic District. This beautifully renovated property is fully occupied and producing $4,600 per month in rental income, offering immediate cash flow for investors seeking a stable addition to their portfolio. Extensive updates have been completed throughout the home, blending modern finishes… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of NATOD Management, (248) 609-7108
Listing Snapshot
Days Online
17
Last Updated
Property Type
Multifamily
Square Ft.
4,870
Lot Size
0.14 Acres
Year Built
1924
MLS Number
20261018232
30 Days Snapshot Of 48206
$88k
-25%
(avg) sold price
19
+18%
homes sold
100
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
4 total units, 4 leased units, 4 two-bedroom units, Built in 1924, Architectural style: Quadruplex, Brick, 4,870 total square feet, 4,870 combined square feet, 2,435 total basement square feet, Unit count: 4
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.14, Lot size dimensions: 52.5X120.5
Miscellaneous
Gross scheduled income: $55,200, Income projection: Actual, Monthly rental income: $4,600, Net operating income: $40,000
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $4,369, Tax amount (winter): $0
Sewer
Sewer (Sewer-Sanitary), Separate Meters
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Monthly Payment
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GEM Realty & Development
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Schools In The Area

Check out nearby schools with ratings and contact info.
Durfee Elementary-Middle School 313-252-3070 Public KG-8
Central Academy and High School 313-252-3000 Public 9-12
Durfee Elementary-Middle School 313-252-3070 Public KG-8
Durfee Elementary-Middle School 313-252-3070 Public KG-8
Durfee Elementary-Middle School 313-252-3070 Public KG-8
Central Academy and High School 313-252-3000 Public 9-12

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IDX provided courtesy of Realcomp II Ltd., via GEM Realty & Development and Gregory Morad, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX provided courtesy of Realcomp II Ltd., via GEM Realty & Development and Gregory Morad, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

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