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18440 E 14 Mile Rd
Fraser, MI 48026
Richwood Estates · Multifamily Property For Sale
·
24 Units
Property Facts
| No. Units | 24 | Building Size | 21,168 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1990 |
| Building Class | C | Parking Ratio | 2.36/1,000 SF |
| Lot Size | 2.02 AC | ||
| Zoning | RH | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.02 AC |
| Building Size | 21,168 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 2.36/1,000 SF |
| Zoning | RH |
About 18440 E 14 MILE RD , FRASER, MI 48026
Richwood Estates Apartments is located at 18440-18480 14 Mile Road, just east of Groesbeck Highway, on the south side of 14 Mile Road. It is comprised of 3 two-story low rise buildings built in 1990. Each building contains 2 one-bedroom units, 700 sq. ft. and 6 two-bedroom units, 900 sq. ft. Notable for investors is the occupancy, which is currently 100%. Strong occupancy such as this is mainly because Richwood Estates Apartments advertises itself with its exceptional location and ample frontage on 14 Mile Road. Outside of Richwood Estates Apartments excellent location, the property also offers residents numerous amenities such as: carports, laundry facilities, central air, balconies, and dishwashers. Richwood Estates Apartments is outfitted with tenant-paid gas forced air heat and tenant paid electric. The owner is only responsible for common area electric and water. The owner has made the following capital improvements: Hallway carpet (2014), A/C Units (2), Hot Water Tanks (12), Dishwashers (12), Concrete.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 700 |
| 2+1 | 18 | - | 900 |
Property Taxes
| Parcel Number | 03-14-05-227-037 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,075,100 |
Property Taxes
