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2292 Richton, Detroit, MI 48206

Detroit
Local realty services provided by:CENTURY 21 Northland
2292 Richton,Detroit, MI 48206
$199,888
  • - Beds
  • 22 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: richard rosen
Office: fresh start homes
MLS#:61008579
Source:MI_REALSOURCE

Price summary

  • Price:$199,888

About this home

High-yield Detroit duplex with stable income and value-add upside. Prime investment structure: two-unit duplex (multi-family zoning) with 3-bedroom units--ideal for long-term rental demand and simple portfolio scaling. Complete renovation 2023 inside and out. Updated plumbing, electrical with new service pannels, HVAC with new furnances, all seperate utilities except one water meter that the tenants split the bill. New windows, roof & exterior siding, new decking and patios. Financial edge for buyers: lower listing price (seller motivated to move to larger multifamily) creates opportunity for immediate equity and accelerated returns through modest rent increases, expense optimization, or unit upgrades. Compare to comparables in the $250,000+ range. Fully occupied with tenant possession and existing leases in place, delivering immediate cash flow from day one; rent reportedly includes sewer and water. Favorable operating footprint: 45 x 100 lot, paved road frontage, on-street parking...

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Home facts

  • Year built:1923
  • Listing ID #:61008579
  • Added:22 day(s) ago
  • Updated:July 29, 2026 at 10:48 AM

Rooms and interior

  • Total bathrooms:22
  • Full bathrooms:22
  • Basement Description:Poured

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1923
  • Lot area:0.1 Acres
  • Construction Materials:Vinyl Siding, Wood
  • Exterior Features:Exterior Balcony
  • Foundation Description:Basement, Poured
  • Levels:2 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$199,888
  • Tax amount:$1,782

Features and amenities

  • Amenities:Cable/Internet Available

Parking

  • Parking description:On Street Parking
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