194 Richter St River Rouge, MI 48218
Estimated payment $1,385/month
Highlights
- 0.14 Acre Lot
- Forced Air Heating System
- 3-minute walk to John Jakubowski Park
- 1 Fireplace
About This Home
Seize a prime investment opportunity at 194 Richter, River Rouge—a 8-bedroom, 4-bathroom quadplex currently operating as a rental! This well-maintained property features four spacious units, each crafted for comfortable living, ensuring steady rental income. Perfect for investors or those seeking a hassle-free income property, this quadplex offers strong cash flow potential in a desirable River Rouge location. Don't miss your chance to own this income-producing gem! This property also includes 192 Richter. This property is currently rented at $3,200 per month. No showings without an accepted offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,643
Year Built
- Built in 1916
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 60x100
Parking
- 4 Parking Spaces
Home Design
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Partial Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for trash collection, water, sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,643 | $76,000 | $0 | $0 |
| 2024 | $3,643 | $64,700 | $0 | $0 |
| 2023 | $3,470 | $50,500 | $0 | $0 |
| 2022 | $2,282 | $38,300 | $0 | $0 |
| 2021 | $2,211 | $32,400 | $0 | $0 |
| 2020 | $2,226 | $27,400 | $0 | $0 |
| 2019 | $1,517 | $24,700 | $0 | $0 |
| 2018 | $1,481 | $20,800 | $0 | $0 |
| 2017 | $1,361 | $21,200 | $0 | $0 |
| 2016 | $2,245 | $21,900 | $0 | $0 |
| 2015 | $2,740 | $27,400 | $0 | $0 |
| 2013 | $3,515 | $45,300 | $0 | $0 |
| 2012 | $3,141 | $44,000 | $4,300 | $39,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $199,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $49,501 | None Listed On Document | |
| Sheriffs Deed | $49,501 | None Listed On Document | |
| Warranty Deed | $20,000 | None Listed On Document | |
| Warranty Deed | $75,000 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $135,200 | Credit Line Revolving |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25045314
APN: 50-005-06-0022-000
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Information is deemed reliable but not guaranteed.
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