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33614 Grand River Ave 4 Unit Apartment Building $675,000 ($168,750/Unit) Farmington, MI 48335
Investment Highlights
- Rare investment opportunity in Downtown Farmington!
- 100% occupied!
Executive Summary
Forward Commercial Group (FCG) is pleased to offer for sale 33614 Grand River Avenue with 33615/17
Adams Street in Farmington, Michigan. 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 a 1,769
square foot, two-story single-family rental home at 33614 Grand River Ave and a 1,183 square foot, single
story duplex situated directly behind at 33615/17 Adams Street.
Please do not disturb tenants.
33614 GRAND RIVER AVENUE
1,769 SF two-story single-family facing Grand River Ave
3BR /2.5 BA with updated kitchen and baths
33615/17 ADAMS STREET
1,183 SF total single-story duplex
Unit 1: 2BR / 1 BA with updated kitchen and bath
Unit 2: 1BR / 1 BA with updated kitchen and bath
PROPERTY
Fully Occupied; Gross Revenue $61,740
Site Size: approximately 0.264 Acres
Frontage: approximately 70 feet on Grand River Ave
and 70 feet on Adams St
Zoning: R1
Parcel # 20-23-28-230-005
Adams Street in Farmington, Michigan. 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 a 1,769
square foot, two-story single-family rental home at 33614 Grand River Ave and a 1,183 square foot, single
story duplex situated directly behind at 33615/17 Adams Street.
Please do not disturb tenants.
33614 GRAND RIVER AVENUE
1,769 SF two-story single-family facing Grand River Ave
3BR /2.5 BA with updated kitchen and baths
33615/17 ADAMS STREET
1,183 SF total single-story duplex
Unit 1: 2BR / 1 BA with updated kitchen and bath
Unit 2: 1BR / 1 BA with updated kitchen and bath
PROPERTY
Fully Occupied; Gross Revenue $61,740
Site Size: approximately 0.264 Acres
Frontage: approximately 70 feet on Grand River Ave
and 70 feet on Adams St
Zoning: R1
Parcel # 20-23-28-230-005
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $168,750 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 2,952 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1995 |
| Apartment Style | Low-Rise | ||
| Zoning | R1 | ||
| Price | $675,000 |
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 2,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1995 |
| Zoning | R1 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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33614 Grand River Ave
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