11,808 sqft

$2,415,000

36984 Division Rd, Richmond MI, 48062

Price per sqft$204.52

Property size11,808 sqft

Property typeCommercial

Overview

Active

Listed Jul 24, 2026

Updated 9 days ago

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.

Additional information

MLS^® ID: 61014466

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.57 Acres

Other Property Details

Taxes: $38,697
Tax Frequency: Annually
Municipality: Richmond

Also listed on REALCOMP

Listed by Nicholas Ottoy with EXP Realty Main
Listing Contact: 248-214-7957

Based on information originating from the MiRealSource as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/12/2026 at 10:45 PM UTC