Homes for sale - 280 RICHTON Street, Highland Park, MI 48203

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SimpliHŌM - Making Real Estate Simple

support@simplihom.com +1(855) 856-9466

$ 499,995

Est. payment | -/mo

21,696 SqFt

Save

$ 499,995

Est. payment | -/mo

Save

21,696 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 21,696 sqft

Price per Sqft $23

Municipality Highland Park City

Subdivision Highland Park City

MLS Listing ID 20240032890

Originating Board Realcomp

Year Built 1928

Annual Tax Amount $10,829

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 69.10 x 140.00

Property Description

Welcome Highland Park, MI! Nestled within a vibrant community, this charming apartment building offers a comfortable lifestyle just moments away from local amenities. Conveniently located near major highways and public transportation, commuting is a breeze. Don't miss out on this opportunity to experience urban living at its finest in Highland Park with easy access to Davison Freeway and the John C. Lodge Freeway. Investing in real estate in Highland Park, MI, presents opportunities for investors to benefit from affordability, potential appreciation, steady rental demand, favorable location, and redevelopment prospects. This property has been prepared for restoration. Looking for the right investor to take on a new project. There is a lot of opportunity and potential. Commercial storefronts can be used for business or be converted to add additional residential units. SALE OF THIS PROPERTY ALSO INCLUDES A BONUS VACANT LOT ACROSS THE STREET AT 279 RICHTON ST. This allows for future development opportunities to create additional profits and return on investment.280 Richton St is a four story vacant brick building that includes 34 residential units as well as 4 commercial units on the ground level for a total of 38 units:Number of 1 Bedroom Units: 30Number of 2 Bedroom Units: 3Number of 3 Bedroom Units: 1Number of Commercial Units: 4 Investing in real estate in Highland Park, MI, can be advantageous for several reasons:-Compared to nearby areas, real estate prices in Highland Park may be more affordable, offering opportunities for investors to acquire properties at lower costs.-Potential for appreciation: Highland Park is undergoing revitalization efforts, which could lead to an increase in property values over time as the area develops and improves.-Rental demand: With its proximity to Detroit and various amenities, Highland Park can attract renters seeking affordable housing options. Investors can capitalize on steady rental demand and potentially achieve attractive rental yields.

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Commercial,Multi-Family

Direction Hamilton Ave & Richton St

Rooms

Basement Basement

Interior

Heating Forced Air

Exterior

View Y/N No

Roof Type Rubber

Building

Foundation Slab

Sewer Public

Water Public

Structure Type Brick

Schools

School District Highland Park

Others

Tax ID 43018010040001

Listed by Re/Max Connection

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+1(855) 856-9466

support@simplihom.com

280 RICHTON Street Highland Park, MI 48203