Incredible investment opportunity with this fully occupied five-unit multi-family property located just minutes from Downtown Richmond. This property is ideal for both seasoned and new investors. It features two separate buildings. The main house is a triplex that includes a one-bedroom, one-bath unit of approximately 600 square feet, a two-bedroom, one-bath unit of approximately 850 square feet, and a two-bedroom, two-bath unit of approximately 1,100 square feet with a finished basement and carport. Each unit has been well maintained with updates such as newer furnaces, hot water tanks, AC wall units, flooring, and kitchen and bath remodels. The rear duplex was fully converted in 2021 from a storage structure into two modern apartments. The renovation included all-new utilities for gas, water, sewer, and electric, along with new interiors, fixtures, flooring, and a fire suppression system. One unit offers three bedrooms and one bath, and the other includes two bedrooms, one bath, and a small office. All units are separately metered for gas, electric, and water, which helps maintain low operating expenses. Tenants are currently on month-to-month leases, offering flexibility for the next owner. With its recent updates, efficient utilities, and strong rental performance, this property is a turnkey, income-producing investment in a prime Richmond location. Showings will be accommodated with an accepted offer.

Richmond is located in Michigan. Richmond, Michigan has a population of 5,871. Richmond is more family-centric than the surrounding county with 28.88% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in Richmond, Michigan is $58,684. The median household income for the surrounding county is $67,828 compared to the national median of $69,021. The median age of people living in Richmond is 38.7 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 15.2 degrees. The average rainfall is approximately 34 inches per year, with 36.1 inches of snow per year.