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Detroit, MI 48206 1164,2928 Richton Street
Detroit, MI 48206 1164,2928 Richton Street
Detroit, MI 48206 1164,2928 Richton Street
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$285,000
Est. payment /mo
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5 Baths
4,960 SqFt
Active

2928 Richton Street Detroit, MI 48206 1164

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Tracy Butcher

Tracy Butcher

+1(810) 428-7092

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,960 sqft

Price per Sqft $57

Subdivision Mi

MLS Listing ID 60954218

Style 2 Story

Full Baths 4

Half Baths 1

Year Built 1924

Annual Tax Amount $1,563

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 52.5X120.5

Property Sub-Type Multi-Family

Property Description

Unlock incredible income potential with this solid 4-unit multi-family building, each unit featuring three spacious bedrooms - a rare configuration that commands strong rents in the Detroit market. Located on historic Richton Street in the revitalizing Dexter-Linwood district, this property is ideal for investors seeking dependable cash flow and long-term appreciation. This well-maintained brick building offers major value, including: • Four (4) 3-bedroom units • Separate gas and electric meters - tenants pay their own utilities • Four (4) NEW furnaces - one for each unit, reducing future maintenance costs • Large living and dining rooms in each unit • Spacious kitchens with great layout potential • Shared basement with ample storage • Classic Detroit architectural character With high rental demand for 3-bedroom units in this area, investors can position this building for excellent monthly income. The separate utilities and new mechanicals make this an efficient, low-maintenance addition to any portfolio. Conveniently located near major corridors, public transit, schools, and ongoing neighborhood redevelopment, this property is well-situated for both stability and growth. Don't miss out - schedule a tour today and discover the full potential of 2928 Richton Street!

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Block

Interior

Interior Features Cable/Internet Avail.

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,FHA 203K

Virtual Tour https://site.windowstill.com/2928-Richton-St-1/idx

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Amin Realty

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Tracy Butcher

Tracy Butcher

Associate Broker - Non-Principal | License ID: 6506049127

+1(810) 428-7092

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2928 Richton Street