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 Sq 1,990

Monthly Estimate*

^$ 1,404

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Studio

Multi-Family Home for sale in Richmond, MI

for $225,000. This 1,990 square foot 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

Lot Size

0.21

Year Built

1900

Town/City

Richmond

County/Region

Macomb

MLS | Web ID

70446237

Features

General

Heating Wall Heat Baseboard

Garage Additional Garage(s)

Water Public Water

Status Pending Pending

Year Built 1900

County Macomb

Class MULTIFAMILY

Type Multi-Family

Municipality Update

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Richmond (50032)

Primary City Richmond

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

City Richmond

Financial Terms Cash Conventional

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

DOM 39

Postal Code 48062

Price Per Sq Ft Total AG 113.07

Public Remarks Exciting Investment Opportunity! This unique property features four units including a spacious main floor unit two upper units

Exterior

Exterior Vinyl Siding

Frontage 62

Lot Size Area 0.21

Lot Dimensions 60x162

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 4

Fuel Type Electric

* Excluded Features

List By

Bradley Thomson

Listing Agent

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.

760529 Elementary School

760235 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 1,990 sqft and 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.

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70550 Main Street

Multi-Family Home for sale in Richmond, MI

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