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$ 285,000
Est. payment /mo
Active Under Contract
2928 Richton Street Detroit, MI 48206
5 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 20251055033
Year Built 1924
Annual Tax Amount $1,563
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 52.5X120.5
Source Realcomp
Property Description
Unlock incredible income potential with this solid 4-unit multi-family building, each unit featuring three spacious bedrooms—a rare configuration that commands strong rents in the Detroit market. Located on historic Richton Street in the revitalizing Dexter-Linwood district, this property is ideal for investors seeking dependable cash flow and long-term appreciation.This well-maintained brick building offers major value, including:• Four (4) 3-bedroom units• Separate gas and electric meters—tenants pay their own utilities• Four (4) NEW furnaces—one for each unit, reducing future maintenance costs• Large living and dining rooms in each unit• Spacious kitchens with great layout potential• Shared basement with ample storage• Classic Detroit architectural characterWith high rental demand for 3-bedroom units in this area, investors can position this building for excellent monthly income. The separate utilities and new mechanicals make this an efficient, low-maintenance addition to any portfolio.Conveniently located near major corridors, public transit, schools, and ongoing neighborhood redevelopment, this property is well-situated for both stability and growth.Don't miss out—schedule a tour today and discover the full potential of 2928 Richton Street!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction South on DexterEast on Richton
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I003799S
Acceptable Financing Cash, Conventional, FHA, Land Contract
Listing Terms Cash, Conventional, FHA, Land Contract
Virtual Tour https://site.windowstill.com/2928-Richton-St-1/idx
Listed by Amin Realty