3240 Richton Street

Detroit, Michigan 48206

  • 16 Bed(s)
  • 4 Bath(s)
  • 5,040 Sqft
  • 0.15
    Acre(Lot)
$384,900

Description

Prime quadplex investment opportunity near historic boston edison!

don’t miss this incredible investment opportunity! this nearly renovated quadplex boasts four spacious units, each featuring 4 bedrooms and 1 bathroom—a rare find in metro detroit. with nearly 6,000 sq. ft. of living space, this multi-family property offers immense income potential.

current rental income: two units are already leased at $1,100 per month, providing immediate cash flow, while the remaining two units are vacant and ready for owner-occupancy or additional tenants.

location, location, location! nestled just outside the historic boston edison neighborhood, this property offers proximity to downtown detroit, major highways, shopping, dining, and entertainment.

whether you're a seasoned investor looking to expand your portfolio or a house-hacker seeking a high-income property, this quadplex is a must-see! schedule your showing today!

  • Property Type

    Multifamily

  • Subdivision

    Linwood Heights (plats)

  • County

    Wayne

  • Style

    Quadruplex

  • AD ID

    48509222

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Property Details

  • Bathroom Information

    • Total Baths: 4
    • Full Baths: 4

    Interior Features

    • Roof : Asphalt
    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Hot Water
    • Heating Fuel: Natural Gas

    Water Heater

    • Natural Gas

  • Building Information

    • Year Built: 1925
    • Building Stories: 2 Story
    • Total Units: 4
    • Roof: Asphalt
    • Foundation/Basement: Basement
    • Architecture: Quadruplex

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)
    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 0.15
    • Dimensions: 53.00 x 121.00

    Property Information

    • SQ ft: 5040
    • Subdivision: LINWOOD HEIGHTS (PLATS)
    • Financing: Cash,Conventional,FHA,VA,Warranty Deed

  • Listing Price Information

    • Original List Price: $384,900

    Listing Information

    • Possession: Rental Agreement
    • Legal Description: N RICHTON 458 W 17.50 FT 459 LINWOOD HEIGHTS SUB L35 P6 PLATS, W C R 12/201 52.50 X 120.50

  • Tax Information

    • Annual Tax: $4,066
    • Parcel Number: W12I003780S

    Possession

    • Rental Agreement

    Legal Information

    • Legal Description: Section: N RICHTON 458 W 17.50 FT 459 LINWOOD HEIGHTS SUB L35 P6 PLATS, W C R 12/201 52.50 X 120.50

  • Parking Information

    • Parking: 2
    • Has Garage: Yes

    Multi-Unit Information

    • Road Frontage: Paved

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 02/23/2025 @ 02:33

  • MLS: 622818295
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 16 bedrooms which is for sale, it has 5,040 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Detroit , in zip code 48206, this Wayne County Multifamily , it is in the LINWOOD HEIGHTS (PLATS) Subdivision, and are nearby neighborhoods.