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About the Listing 104654 - 669080
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 character With 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!
Listing Highlights
Status
Active With Contingency
Days on Site
29
Property Type
Multi-Family
MLS ®
60954218
Year Built
1924
Total Square Footage
4,960
Lot/Acreage
0.14
County
Wayne
Neighborhood
Linwood Heights
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full / 1 Half
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4960
- Below Ground Sq Ft: n/a
- Basement: Block
- Other: Cable/Internet Avail.
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 52.5X120.5
- Zoning: Multi-Family
- Roof:
- Others: Porch,Exterior Balcony
- Sewer: Public At Street
- Parking Features: On Street
Financial Details
- Tax Amount: $1,563
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
2928 Richton Detroit, MI 48206
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