$499,995 for Sale

280 richton street, highland park, MI 48203

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: 30 Number of 2 Bedroom Units: 3 Number of 3 Bedroom Units: 1 Number 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
General Information
Sale Price: $499,995
Price/SqFt: $23
Status: Active
MLS#: rcomi20240032890
City: highland park
Post Office: highland park
Schools: highland park
County: Wayne
Acres: 0.22
Lot Dimensions: 69.10 x 140.00
Size: 21,696 sq.ft.
Acreage: 0.22 est.
Year Built: 1928
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $9,856
Est. Winter Taxes:  $973


IDX provided courtesy of Realcomp II Ltd. via AAA McNamara Properties and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Dennis Jakub of Re/Max Connection, Phone: (248) 505-2509
Call Hilda McNamara for more information about this property. (810) 874-4300

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(810) 874-4300