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280 Richton St
Highland Park, MI 48203
Richton Apartments · Multifamily Property For Sale · 34 Units

Investment Highlights

  • The Richton Apartments offers investors a value-add multifamily community with 34 residential units and four commercial units.
  • The community is easily accessible via the John C Lodge Freeway, the Davison Freeway, and public transportation.
  • The sale includes a bonus vacant 0.32 AC lot across the street, allowing for lucrative future development opportunities.
  • Benefits from Highland Park’s affordability, strong property appreciation, and robust local rental demand.

Property Facts

No. Units 34
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class F
Lot Size 0.22 AC
Building Size 23,800 SF
Average Occupancy 0%
No. Stories 4
Year Built 1928
Zoning M-UV - Urban Village Mixed Use Variance

Amenities

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 34 - 500 - 650

Property Taxes

Property Taxes

Parcel Number
43-018-01-0040-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$142,200
  • Listing ID: 32342489

  • Date on Market: 7/3/2024

  • Last Updated:

  • Address: 280 Richton St, Highland Park, MI 48203

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