70190 Main Street, Richmond, MI 48062
- $550,000
- 10
- BD
- 6
- BA
- 4,662
- SqFt
- Sold Price
- $550,000
- List Price
- $550,000
- Status
- CLOSED
- MLS#
- 50194315
- Days on Market
- 122
- Year Built
- 1910
- Closing Date
- Jun 02, 2026
- Bedrooms
- 10
- Bathrooms
- 6
- Acres
- 0.34
- Living Area
- 4,662
- Municipality
- Richmond
- Region
- Richmond
- Township
- Richmond
- Subdivision
- 4015 Main St Res, 31/33 Mile Res
Property Description
Incredible investment opportunity with this fully occupied five-unit multi-family property located just minutes from Downtown Richmond. This property is ideal for both seasoned and new investors. It features two separate buildings. The main house is a triplex that includes a one-bedroom, one-bath unit of approximately 600 square feet, a two-bedroom, one-bath unit of approximately 850 square feet, and a two-bedroom, two-bath unit of approximately 1,100 square feet with a finished basement and carport. Each unit has been well maintained with updates such as newer furnaces, hot water tanks, AC wall units, flooring, and kitchen and bath remodels. The rear duplex was fully converted in 2021 from a storage structure into two modern apartments. The renovation included all-new utilities for gas, water, sewer, and electric, along with new interiors, fixtures, flooring, and a fire suppression system. One unit offers three bedrooms and one bath, and the other includes two bedrooms, one bath, and a small office. All units are separately metered for gas, electric, and water, which helps maintain low operating expenses. Tenants are currently on month-to-month leases, offering flexibility for the next owner. With its recent updates, efficient utilities, and strong rental performance, this property is a turnkey, income-producing investment in a prime Richmond location. Showings will be accommodated with an accepted offer.
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Additional Information
- Lot Dimensions
- 56 x 266
- Heating
- Baseboard, Forced Air, Radiant
- Cooling
- Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
- Basement
- Yes
- Basement Description
- Partially Finished
- Appliances
- Dishwasher, Dryer, Range/Oven, Refrigerator, Washer, Gas Water Heater, Tankless Water Heater
- Sewer
- Public Sanitary
- Foundation
- Basement, Slab
- Water
- Public
- School District
- Richmond Community Schools
Mortgage Calculator
Listing Courtesy of KW Platinum, Office Phone: 586-949-0200
Selling Office: The Stephan Group.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.