Detroit, MI 48206,3240 Richton Street
Detroit, MI 48206,3240 Richton Street
Detroit, MI 48206,3240 Richton Street
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$385,000
Est. payment /mo
4 Baths
6,098 Sqft Lot
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20251030222

Year Built 1925

Annual Tax Amount $8,141

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 52.5X120.5

Source Realcomp

Property Description

Prime Quadplex Investment Opportunity Near Historic Boston Edison! Don't miss this incredible investment opportunity! This newly renovated quadplex boasts four spacious units, each featuring 4 bedrooms, 1 bathroom and a stackable washer and dryer—a rare amenity in Metro Detroit multifamily housing. With nearly 6,000 sq. ft. of living space, this property is designed for strong rental demand and long-term appreciation. Two units are currently leased through January 2026, providing immediate and stable cash flow, while the remaining two units are vacant and move-in ready for either new tenants or an owner-occupant seeking additional income. Location, Location, Location! Nestled just outside the historic Boston Edison neighborhood, residents will enjoy close proximity to downtown Detroit, major highways, shopping, dining, and entertainment. Whether you're an experienced investor expanding your portfolio or a first-time buyer looking for a lucrative house-hack opportunity, this quadplex is a must-see investment. Schedule your private showing today and secure this opportunity!

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Multi-Family

Direction Dexter To Richton

Interior

Heating Hot Water

Exterior

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W12I003780S

Acceptable Financing Cash, Conventional, FHA, Contract, VA Loan

Listing Terms Cash, Conventional, FHA, Contract, VA Loan


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Listed by House Of May

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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