70190 Main Street, Richmond, MI 48062
- Added:
- Nov 14, 2025
- Days on Market:
- 202
- Last Refresh:
- Jun 4 at 11:06 am
Property Features for 70190 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bedroom 2, Bedroom 9, Bedroom 4, Basement, Bathroom 4, Bathroom 1, Bedroom 8, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 10
- Patio and Porch features
- Porch
- Interior features
- Fire Sprinkler
- Exterior features
- Porch
- Appliances
- Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
- Standard status
- Pending
- APN
- 07-03-35-276-046
- Size
- 4,662 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9026
Utilities
- Heating system
- Baseboard, Forced Air, Radiant
- Cooling system
- Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 5
Listing agent Pam MacKay-LeVien License #6506044252 (586) 764-0496
Listing office KW Platinum 31525 23 Mile Rd., Chesterfield, MI (586) 949-0200
Listing date Nov 14, 2025
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 5‑unit multi‑family with two separate buildings: front triplex plus rear duplex conversion
- Triplex units include ~600 SF 1BR/1BA, ~850 SF 2BR/1BA, and ~1,100 SF 2BR/2BA with finished basement and carport
- Rear duplex was converted in 2021 from a storage structure into 2 modern apartments with new interiors and fixtures
- 2021 conversion included all‑new utilities for gas, water, sewer, and electric, plus a fire suppression system
- Each unit is separately metered for gas, electric, and water; tenants are on month‑to‑month leases
- Heating includes baseboard, forced air, and radiant; cooling includes window/wall AC and ceiling fans; interior features include fire sprinkler
Overview
The second building is a rear duplex that was converted in 2021 from a storage structure into two modern apartments. That renovation included all-new utilities for gas, water, sewer, and electric, as well as new interiors, fixtures, and flooring, plus a fire suppression system. One unit provides three bedrooms and one bath, while the other offers two bedrooms, one bath, and a small office. All units are separately metered for gas, electric, and water.
Tenants are currently on month-to-month leases, which provides flexibility for the next owner. The property’s unit-level metering and documented mechanical and interior updates may appeal to buyers seeking a manageable, maintenance-conscious multi-family hold. Showings are available with an accepted offer.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.6k | $18.36 |
| − Vacancy | −$6.0k | −$1.29 |
| EGI | $79.6k | $17.07 |
| − OpEx | −$35.8k | −$7.68 |
| NOI | $43.8k | $9.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Macomb
- State
- Michigan
- Longitude
- -82.759588
- Latitude
- 42.817968
