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280 Richton

Highland Park, MI 48203
  • $499,995
  • STATUS: Active
  • ON SITE: 269 Days
  • MLS #: 20240032890
UPDATED: 56 min ago
$499,995
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,696
    SQFT
  • $23
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Description

Welcome Highland Park, MI! Nestled within a vibrant community, this charming apartment building offers a comfortable lifestyle just moments away from local amenities. Conveniently located near major highways and public transportation, commuting is a breeze. Don't miss out on this opportunity to experience urban living at its finest in Highland Park with easy access to Davison Freeway and the John C. Lodge Freeway. Investing in real estate in Highland Park, MI, presents opportunities for investors to benefit from affordability, potential appreciation, steady rental demand, favorable location, and redevelopment prospects. This property has been prepared for restoration. Looking for the right investor to take on a new project. There is a lot of opportunity and potential. Commercial storefronts can be used for business or be converted to add additional residential units. SALE OF THIS PROPERTY ALSO INCLUDES A BONUS VACANT LOT ACROSS THE STREET AT 279 RICHTON ST. This allows for future development opportunities to create additional profits and return on investment. 280 Richton St is a four story vacant brick building that includes 34 residential units as well as 4 commercial units on the ground level for a total of 38 units: Number of 1 Bedroom Units: 30 Number of 2 Bedroom Units: 3 Number of 3 Bedroom Units: 1 Number of Commercial Units: 4 Investing in real estate in Highland Park, MI, can be advantageous for several reasons: -Compared to nearby areas, real estate prices in Highland Park may be more affordable, offering opportunities for investors to acquire properties at lower costs. -Potential for appreciation: Highland Park is undergoing revitalization efforts, which could lead to an increase in property values over time as the area develops and improves. -Rental demand: With its proximity to Detroit and various amenities, Highland Park can attract renters seeking affordable housing options. Investors can capitalize on steady rental demand and potentially achieve attractive rental yields.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-09T17:49:12.533.
www.kelder.com/homes/150560257
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280 Richton Highland Park, MI 48203

  • Price: $499,995
  • Status: Active
  • On Site: 269 Days
  • Updated: 56 min ago
  • MLS #: 20240032890
0
Beds
0
Baths
0
½ Baths
0.22
Acres
21,696
SQFT
$23
$/SQFT
Neighborhood:
Bessenger & Moore Sub - H. Park
County:
Wayne
Area:
Detroit (82001)
Property Description
Welcome Highland Park, MI! Nestled within a vibrant community, this charming apartment building offers a comfortable lifestyle just moments away from local amenities. Conveniently located near major highways and public transportation, commuting is a breeze. Don't miss out on this opportunity to experience urban living at its finest in Highland Park with easy access to Davison Freeway and the John C. Lodge Freeway. Investing in real estate in Highland Park, MI, presents opportunities for investors to benefit from affordability, potential appreciation, steady rental demand, favorable location, and redevelopment prospects. This property has been prepared for restoration. Looking for the right investor to take on a new project. There is a lot of opportunity and potential. Commercial storefronts can be used for business or be converted to add additional residential units. SALE OF THIS PROPERTY ALSO INCLUDES A BONUS VACANT LOT ACROSS THE STREET AT 279 RICHTON ST. This allows for future development opportunities to create additional profits and return on investment. 280 Richton St is a four story vacant brick building that includes 34 residential units as well as 4 commercial units on the ground level for a total of 38 units: Number of 1 Bedroom Units: 30 Number of 2 Bedroom Units: 3 Number of 3 Bedroom Units: 1 Number of Commercial Units: 4 Investing in real estate in Highland Park, MI, can be advantageous for several reasons: -Compared to nearby areas, real estate prices in Highland Park may be more affordable, offering opportunities for investors to acquire properties at lower costs. -Potential for appreciation: Highland Park is undergoing revitalization efforts, which could lead to an increase in property values over time as the area develops and improves. -Rental demand: With its proximity to Detroit and various amenities, Highland Park can attract renters seeking affordable housing options. Investors can capitalize on steady rental demand and potentially achieve attractive rental yields.
Exterior Features

Exterior Construction Brick Foundation Type BasementSlab Frontage 50 Lot Size 69.10 x 140.00 Roads Paved Street Roofing Rubber Waterfront YN No

Interior Features

Basement YN No Fuel Type Natural Gas Heating System Forced Air

Property Features

Assessments Amount 0 Commercial Type Commercial/Industrial Financial Terms CashConventionalExchange/Trade Lease YN No Municipality Detroit Occupant Dennis Jakub Ownership Private SEV 133300 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 9856 Taxable Value 133300 Total Tax Amount 10829 Type 4-10 Story Water Public Water Winter Tax Amount 973 Zoning Multi-FamilyCommercial

Listing courtesy of Re/Max Connection : 248-505-2509.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-09T17:49:12.533.
 
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