Sold
Last Sold Price
3 beds
18225 Racho Road, Riverview, MI 48193
Multi FamilyProperty Type
0.74 acresLot Size
1976Year Built
15 carsParking Spaces

Description

Great investment opportunity to buy a FULLY OCCUPIED 8 unit apartment building! 6 two bedroom, 2 one bedroom units. Total rents currently $7272.00 monthly with plenty of room for increase. New roof in 2017, Furnace and AC in 2016, Vinyl windows, Coin operated washer and dryer included for extra added income. Great management company already in place. Must provide proof of funds to kirsten@reservemgmtco.com to request a showing with listing agent. Showing OF 1 OCCUPIED unit scheduled for SATURDAY...Great investment opportunity to buy a FULLY OCCUPIED 8 unit apartment building! 6 two bedroom, 2 one bedroom units. Total rents currently $7272.00 monthly with plenty of room for increase. New roof in 2017, Furnace and AC in 2016, Vinyl windows, Coin operated washer and dryer included for extra added income. Great management company already in place. Must provide proof of funds to kirsten@reservemgmtco.com to request a showing with listing agent. Showing OF 1 OCCUPIED unit scheduled for SATURDAY MAY 18th 2-3 pm BY APPOINTMENT ONLY, WITH LISTING AGENT BATVAI
  • Listed by: Kirsten Smitham 248.897.5447 kirsten@reservemgmtco.com • Reserve Management Company
Listing closed: 02/03/2025 12:00 AM • Source: Michigan Regional Information Center, MLS#: 24024428

Amenities

  • Air Conditioning
  • Central AC
  • Common Laundry
  • Dryer
  • Fireplace
  • Forced Air
  • Internet Included
  • Parking Included

Location

Listing Courtesy of Reserve Management Company

Sold By Reserve Management Company; The Signature Group Realty, LLC

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Payment Calculator

$5,210 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,695

Property Taxes

$1,515

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 18225 Racho Road

Property Details
  • Taxes: $18,184 / year
  • MLS Type: Residential Income / 5+ Units
  • County: Wayne County
Building Information
  • Residences: 8
  • Year Built: 1976
  • Lot Size: 0.74 AC / 32,234 SF
Summary
Location and General Information
  • Cross Streets: Racho and Sibley
  • Municipality: Brownstown Twp
  • Directions: North of Sibley, On Racho Rd, South of Pennsylvania Rd
  • Area - Major: Wayne County - 100
  • Street #: 18225
  • Street Name: Racho
  • Suffix: Road
  • City: Brownstown
  • State: MI
  • Zip Code: 48192
  • County: Wayne
  • Latitude: 42.1742
  • Longitude: -83.246662
  • Area - Minor: Wayne County - 100
Taxes and HOA
  • Taxable Value: 286347.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 70005010015001
  • Homestead: 0
  • SEV: 288600
Parking
  • Parking Features: Paved
  • Parking Total: 15.0
  • Attached Garage: No
  • Driveway: Paved
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Wooded
  • Lot Dimensions: 117x270
  • Lot Measurement: Acres
  • Lot Acres: 0.74
  • Lot Square Footage: 32234.0
  • Lot Size Area: 0.74
Property and Assessments
  • Tax Year: 2023
  • Property Sub-Type: 5+ Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1976
  • Video Groups: 0
  • Accessibility Features YN: No
Utilities
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected
  • Electric: True
  • Sewer: Public Sewer, True
  • Util Avail at Street: Cable Available, High Speed Internet
  • Utilities Attached: Electricity Connected, Natural Gas Connected
  • Water: Public Water
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Material: Brick
  • Roofing: Composition
  • Substructure: Slab
  • Extras: Laundry Facility, Sep Electric Meter
Interior Features
  • Heating: Forced Air
  • Laundry Features: Common Area
  • Basement: No
  • Cooling: Central
  • Basement Yes/No: No
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Cooling: Yes
  • Heating: Yes
  • Heat Source: Electric, Natural Gas
  • Heat Type: Forced Air
  • Air Conditioning: Central Air
Multi Family
Multi Family Information
  • Number of Units: 8
Unit Information
Unit 1
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $980.00
  • Occupied: Yes
  • Description: 2 bedroom
Unit 2
  • BathsTotal: 1
  • BedsTotal: 1
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $890.00
  • Occupied: Yes
  • Description: 1
Unit 3
  • BathsTotal: 0
Unit 4
  • BathsTotal: 0
Unit 5
  • BathsTotal: 0
Unit 6
  • BathsTotal: 0
Unit 7
  • BathsTotal: 0
Unit 8
  • BathsTotal: 0
Unit 9
  • BathsTotal: 0
Unit 10
  • BathsTotal: 0
Unit 11
  • BathsTotal: 0
Unit 12
  • BathsTotal: 0
Rental
Rental Information
  • Occupant Type: Tenant
  • Tenant Pays: Electric, Gas, Sewer
  • Owner Pays: Trash Collection
  • Terms Available: Cash, Conventional

Property History for 18225 Racho Road

DateEvent & SourcePriceAppreciation
Feb 4, 2025

Sold (Public Record)

Public Record #1551300339

$715,000

+5.6% / yr

Feb 3, 2025

Sold

MiRealSource #70406884

$715,000
Feb 3, 2025

Sold

Realcomp #81024024428

$715,000
DateEvent & SourcePrice
02/04/2025

Sold (Public Record)

Public Record #1551300339

$715,000

+5.6% / yr

02/03/2025

Sold

MiRealSource #70406884

$715,000
02/03/2025

Sold

Realcomp #81024024428

$715,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 18225 Racho Road

Taxable ValueLand-Additions-Total-
Tax Record2025$19,218 ($1,602 / month)
Home Facts
Total Finished SqFt7,643 SqFtAbove Grade Finished SqFt7,643 SqFtStories2Lot Size32,234 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976Year Renovated1976ZoningRM-1CountyWAYNEAPN70 005 01 0015 001

Schools near 18225 Racho Road

This home is within Woodhaven-Brownstown School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Gudith Elementary School
PublicPK to 4

Woodhaven Upper Elementary
Public5 to 6

Brownstown Middle School
Public7 to 8

Woodhaven High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 18225 Racho Road, Riverview, MI 48193
$715,000
3
32,234
$429,063
4
3
3,116
12,197
$280,000
4
2.5
2,450
10,019
$400,000
5
3
3,246
10,019
3
1.5
1,572
8,712
3
1.5
1,572
8,712

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Reserve Management Company

The properties on this web site come in part from the Broker Reciprocity Program of the Member MLS’s of the MichRIC (Michigan Regional Information Center), LLC. Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS, MichRIC, LLC, Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Information deemed reliable but not guaranteed. Copyright© 2026 Michigan Regional Information Center. All Rights Reserved.