70550 Main Street Richmond, MI ^$ 225,000

70550 Main Street

^$ 225,000

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70550 Main Street

Richmond, MI, 48062

^$ 225,000

Studio Baths0.0

Monthly Estimate*

^$ 1,404

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Studio

Multi-Family Home for sale in Richmond, MI

for $225,000. This home was built in 1900 on a lot size of 0.21.

Exciting Investment Opportunity! This unique property features four units, including a spacious main floor unit, two upper units, and a unit above the two-car garage. With ample parking space and located right on Main Street, this property is in a prime rental area close to downtown and shopping. Don't miss out on this fantastic opportunity!

Multi-Family Pending

Price

^$ 225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,196

Style

2 to 4 Units

Lot Size

0.21

Year Built

1900

Town/City

Richmond

County/Region

Macomb

MLS | Web ID

24063792

Features

General

Sewer Public Sewer

Heating Baseboard Wall Furnace

Cooling Window Unit(s)

Utilities Electricity Connected

Possession See Remarks

Construction Materials Vinyl Siding

Year Built 1900

Tenant Pays None

Township City of Richmond

Property Subtype 2 to 4 Units

Tax Year 2024

Ownership Private Owned

County Macomb

New Construction N

Property Type Multi Family

Attached Garage N

Status Pending

Directions Located on Main St between Pierce St and Pound Rd.

City Richmond

High School District Richmond

Number Of Units Total 4

MLS Area Macomb County - 50

Lot Size Units Acres

Lot Size Square Feet 9148.0

Listing Terms Cash Conventional

Land Lease Y/N N

Tax Annual Amount 7196.72

Lease Renewal Y/N N

MLS Area Minor Macomb County - 50

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Pending

Tax Assessed Value 111203

Legal Description A/P NO. 1 (L17 P6); S 60 FT OF LOT 1

Senior Community None

Interior

Basement Crawl Space

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Laundry Features Common Area Main Level

Total Baths 0

Exterior

Parking Features Driveway Gravel

Total Parking 4.0

Lot Size Area 0.21

Number of Buildings 2

Spa N

Lot Dimensions 60x162

Lot Size Acres 0.21

Road Surface Type Paved

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 70550

* Excluded Features

List By

Vantage Realty Group, Llc

Broker

bradleythomson31@gmail.com

Affordability Calculator

$2,003

Per Month

Monthly Principal & Interest: $1,404
Monthly Property Taxes: $600
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Richmond, MI

Average List Price ^$400,000

Percent of Sale Price 78%

About Richmond, MI

6,005 Population

22% Since 2002

^$46,866 Median Income

41.94 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4912680 Elementary School

4912682 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/23/2024	$225,000		Listed Price

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70550 Main Street, Richmond, MI, 48062 is a Multi-Family Home for sale at $225,000 with a lot size of 0.21. 70550 Main Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 48062 which is in Richmond, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 12/10/2025.

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70550 Main Street

Multi-Family Home for sale in Richmond, MI

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