Highland Park Multifamily Investment
For Sale
$399,900
Pending
280 RICHTON Street, Highland Park, MI 48203
Four-story building with 34 residential and 4 commercial units.
Property Size21,696 SF
Lot Size0.22 Acres
Days on Market815
Property Features for 280 RICHTON Street
General Information
Standard status
Pending
Size
21,696 SF
Lot size
0.22 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$10,829
Building Details
Year Built
1928
Listing Agency:
Re/Max Connection
(248) 505-2509
Listed By:
Dennis Jakub · License #6501449193
(248) 505-2509
Source:
Exitrealty
Added: May 16, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Connection
Investment Insights
Based on property information with market context.
Located in Highland Park, Michigan, this four-story vacant brick building contains 34 residential units and 4 commercial units on the ground level, totaling 38 units. The unit mix includes 30 one-bedroom units, 3 two-bedroom units, and 1 three-bedroom unit. The commercial storefronts can be used for business or converted to add additional residential units. The sale of this property also includes a vacant lot across the street at 279 Richton St, allowing for future development opportunities. The property is located near major highways and public transportation, providing convenient access to Davison Freeway and the John C. Lodge Freeway. The property has been prepared for restoration, presenting an opportunity for investors. The building has a total property size of 21696 square feet.
Key Highlights
- Includes a vacant lot across the street (279 Richton St) for future development and increased ROI.
- Four‑story building with 34 residential units (30 one‑bedroom, 3 two‑bedroom, 1 three‑bedroom) and 4 commercial units.
- Commercial storefronts offer flexibility for business use or conversion to additional residential units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 48203, MI
22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story building with 34 residential and 4 commercial units.
Where is this apartment building located?
The property is located at 280 RICHTON Street Highland Park, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Includes a vacant lot across the street (279 Richton St) for future development and increased ROI.; Four‑story building with 34 residential units (30 one‑bedroom, 3 two‑bedroom, 1 three‑bedroom) and 4 commercial units.; Commercial storefronts offer flexibility for business use or conversion to additional residential units.
