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.
Property Details
Price:
$2,490,000
MLS #:
20261057007
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
RealEstateOnly
Neighborhood:
area03032richmond
Listed Date:
Jul 24, 2026
Finished Sq Ft:
11,808
Total Sq Ft:
11,808
Year Built:
1982
See this Listing
Schools
School District:
Richmond
Interior
Above Grade Finished Area
11808
Cooling
Wall Window Units
Heating
Baseboard, Wall Furnace
Levels
Two
Exterior
Accessibility Features
Accessible Approach With Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Hallways, Accessible Kitchen, Accessible Kitchen Appliances, Customized Wheelchair Accessible, Safe Emergency Egress From Home
Building Features
DoorsUnder10ft, DeHumidifier, ENERGYSTARQualifiedWindows, GutterGuardSystem, OutsideLighting, ProgrammableThermostat, Sidewalks
Construction Materials
Vinyl Siding
Fencing
Fencing Allowed
Other Structures
Sheds
Parking Features
ParkingLot, OnSite
Roof
Asphalt
Security Features
Smoke Detectors
Financial
Taxes
$38,697
Map
Community
- Address36984 Division Rd Richmond MI
- CityRichmond
- CountyMacomb
- Zip Code48062
Subdivisions in Richmond
- A/P # 07 RICHMOND CITY
- CITY OF RICHMOND
- COUNTRY GARDEN ESTATES
- EM BEEBES FIRST ADD
- ERASTUS M BEEBE’S THIRD ADD
- GARDEN GROVE ESTATES
- GARDEN GROVE PARK
- GARDEN GROVE PARK CONDO
- GIERK & CHASKEYS ADD
- LAKE ANGELA ESTATES
- MACHOWSKI SUB
- ROSEWOOD TERRACE
- ROSEWOOD TERRACE CONDO
- SWAN CREEK
- SWAN CREEK RIVERSIDE
- SWAN CRK HOMES
- WEST RICHMOND CONDO
- WEST RICHMOND CONDO MCCP NO 1177
Market Summary
Current real estate data for Commercial in Richmond as of Sep 22, 2026
6
Commercial Listed
86
Avg DOM
173
Avg $ / SqFt
$1,335,783
Avg List Price
Property Summary
- 36984 Division Rd Richmond MI is a Commercial for sale in Richmond, MI, 48062. It is listed for $2,490,000 To schedule a showing of MLS#20261057007 at 36984 Division Rd in Richmond, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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36984 Division Rd
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