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$675,000
Est. payment /mo
5 Baths
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Farmington Hills
Subdivision Farmington Hills
MLS Listing ID 20261041198
Year Built 1901
Annual Tax Amount $9,948
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 66X174.34
Source Realcomp
Property Description
This offering presents a rare opportunity to acquire a three-unit residential income-producing asset on approximately 0.264 acres in the downtown Farmington corridor adjacent to commercial and office uses and evolving residential density. The property offers in-place income with significant long-term upside through redevelopment and assemblage potential, along with flexibility for a future parcel split, within one of Metro Detroit's most desirable suburban downtown districts. Located just west of downtown Farmington along Grand River Avenue, the property consists of one 1,769 square foot, two-story single-family rental home at 33614 Grand River Ave and one 1,183 square foot, single-story duplex situated directly behind at 33615/17 Adams Street. Both are the on the same parcel.33614 features new carpet, hard wood floors, updated kitchen and bath, and basement foundation waterproofing.33615/17 features updated bathrooms and kitchens, new hot water heater, and new roof (2021).Please do not disturb tenants.
Location
State MI
County Oakland
Zoning Residential
Direction Grand River Ave west of Farmington Rd.
Rooms
Basement Crawl Space, Michigan Basement
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Water Public
Structure Type Wood Siding
Schools
School District Farmington
Others
Tax ID 2328230005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Forward Commercial Group
Nearby School & Business
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