36984 Division Richmond, MI 48062
Richmond AreaEstimated payment $16,964/month
Highlights
- 1.57 Acre Lot
- Accessible Approach with Ramp
- Accessible Closets
- Will L. Lee School Rated A-
- Accessible Bedroom
- Accessible Doors
About This Home
Excellent investment opportunity in Richmond! Well-maintained 25-unit multifamily property offering strong current income with additional upside potential. The property is currently 100% occupied with a Net Operating Income (NOI) of $164,494.65. Situated on approximately 1.68 acres with roughly 180 feet of frontage on Division Road, the property offers convenient access to M-19 and surrounding communities. Features include spacious units, ample on-site parking, storage sheds providing supplemental income, and additional potential through future rent growth. Financials, rent roll, and additional property information available upon request. Please do not disturb tenants. Showings by appointment only with proof of funds or lender qualification preferred. Seller is a licensed real estate agent.
Property Details
Property Type
- Other
Est. Annual Taxes
Year Built
- Built in 1982 | Remodeled in 2026
Lot Details
- 1.57 Acre Lot
- Lot Dimensions are 278x308
- Fenced
- Zoning described as MultiFamily
Home Design
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 11,808 Sq Ft Home
- ENERGY STAR Qualified Windows
- Basement
- Sump Pump
Accessible Home Design
- Accessible Bedroom
- Accessible Common Area
- Accessible Kitchen
- Kitchen Appliances
- Central Living Area
- Accessible Hallway
- Accessible Closets
- Customized Wheelchair Accessible
- Accessible Doors
- Accessible Approach with Ramp
- Accessible Entrance
- Safe Emergency Egress From Home
Outdoor Features
- Exterior Lighting
- Shed
- Rain Gutter Guard System
Utilities
- Cooling System Mounted To A Wall/Window
- Dehumidifier
- Wall Furnace
- Baseboard Heating
- Programmable Thermostat
- 220 Volts
- Separate Water Meter
- Natural Gas Water Heater
Community Details
- 25 Units
Listing and Financial Details
- Assessor Parcel Number 50070601128031
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,954 | $0 | $0 | $0 |
| 2024 | $7,627 | $258,500 | $0 | $0 |
| 2023 | $7,273 | $129,100 | $0 | $0 |
| 2022 | $7,273 | $126,800 | $0 | $0 |
| 2021 | $6,898 | $119,500 | $0 | $0 |
| 2020 | $6,705 | $117,700 | $0 | $0 |
| 2019 | $6,410 | $118,400 | $0 | $0 |
| 2018 | $6,692 | $117,900 | $0 | $0 |
| 2017 | $0 | $116,800 | $11,400 | $105,400 |
| 2016 | $6,410 | $116,800 | $0 | $0 |
| 2015 | -- | $125,300 | $0 | $0 |
| 2013 | $6,291 | $116,000 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/27/2026 08/27/26 | Price Changed | $2,490,000 | -7.1% | $211 / Sq Ft |
| 07/24/2026 07/24/26 | For Sale | $2,680,000 | -- | $227 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,400,000 | Premier Title | |
| Sheriffs Deed | $610,000 | None Available | |
| Warranty Deed | $750,000 | Greco | |
| Warranty Deed | $795,000 | Greco |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $970,000 | New Conventional | |
| Previous Owner | $636,000 | Commercial |
Source: Realcomp
MLS Number: 20261057007
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.