Vacant Multifamily
New
For Sale
$193,000
2988 Richton St, Detroit, MI 48206
Two multifamily addresses are offered, including a vacant residence and a separately occupied property.
Property Size2,600 SF
Price / SF$74.23
Days on Market2
Property Features for 2988 Richton St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,334
Building Details
Building Size
2,600 SF
Year Built
1927
Units
2
Listing Agency:
(734) 330-6732
Listed By:
Antwuan M Hawkins
(734) 330-6732
Source:
Elliman
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 7:55AM
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 Antwuan M Hawkins
Investment Insights
Based on property information with market context.
The offering includes multifamily properties at 2986 and 2988 Richton Street in Detroit. The 2988 address is vacant, while 2986 is tenant occupied. Together, the properties contain approximately 2,600 square feet, and the improvements date to 1927.
The properties may be acquired individually or as part of a larger Detroit portfolio comprising 25 properties in total. The broader portfolio includes both occupied and vacant residential assets. Walk Score is 31, Bike Score is 38, and Transit Score is 50, indicating car-dependent conditions, some bike access, and good transit access.
The properties may be acquired individually or as part of a larger Detroit portfolio comprising 25 properties in total. The broader portfolio includes both occupied and vacant residential assets. Walk Score is 31, Bike Score is 38, and Transit Score is 50, indicating car-dependent conditions, some bike access, and good transit access.
Key Highlights
- 2988 Richton Street is vacant
- Offering includes 2986 and 2988 Richton Street in Detroit
- Approximately 2,600 square feet across the properties
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two multifamily addresses are offered, including a vacant residence and a separately occupied property.
Where is this multifamily property located?
The property is located at 2988 Richton St Detroit, MI.
What is the asking price?
The asking price for this property is $193,000.
What are key features of this property?
This property features: 2988 Richton Street is vacant; Offering includes 2986 and 2988 Richton Street in Detroit; Approximately 2,600 square feet across the properties
