5519 Richfield Road

Beds
2,184 Sq. Ft.
$41 / Sq. Ft.
2,184
Sq. Ft.
$41
per Sq. Ft.

Description

Great investment opportunity on this 3-Plex located within the Kearsley school district. All 3 units currently occupied. Each unit features 1 bed / 1 full bath / Kitchen and Living area. Potential for a 4th unit on lower level just needs build out. Home has a basement for opportunity to put in coin-op laundry. Plenty of parking for all tenants and large back yard. Positive cash flow on this low maintenance property.Great investment opportunity on this 3-Plex located within the Kearsley school district. All 3 units currently occupied. Each unit features 1 bed / 1 full bath / Kitchen and Living area. Potential for a 4th unit on lower level just needs build out. Home has a basement for opportunity to put in coin-op laundry. Plenty of parking for all tenants and large back yard. Positive cash flow on this low maintenance property.
  1. Listed by Ryan M Newman • RE/MAX Select
    P: (810)-238-8888 C: (248)-240-3373 ryannewmansells@gmail.com

Property Details for 5519 Richfield Road

Architectural Style
2 Story
Subdivision Name
DOWDALL ESTATES
Has Waterfront
No
Zoning Description
Commercial
LISTING CLOSED: 12/04/2017 12:00 AM

Property Details for 5519 Richfield Road

StatusClosed
MLS #21376845
Days on Market24
Taxes$3,359 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1976
Lot Size0.81 AC / 35,283 SF
CountyGenesee County

Location

Listing Courtesy of RE/MAX Select

Sold By Real Estate One Professionals

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Building Information for 5519 Richfield Road

Stories2Residences3Year Built1976Building Size-Lot Size0.81 AC / 35,283 SF

Payment Calculator

$737 per month

30 year fixed, 6.55% Interest

Principal and Interest

$457

Property Taxes

$280

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5519 Richfield Road

Summary
Location and General Information
  • Cross Street: E Potter Road
  • Directions: Between N Genesee Road and N Belsay Road on the North side of Richfield Road
  • Latitude: 43.055604
  • Longitude: -83.597856
  • MLS Area Major: Genesee Twp (25010)
  • Township: Genesee Genesee Twp
Taxes and HOA
  • Parcel Number: 1135526002
  • Tax Annual Amount: $3,359.00
Property
Lot Information
  • Frontage Length: 127.0
  • Lot Size Acres: 0.81
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 2184.0
  • Building Area Total: 2184.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1976
Building Features
  • Construction Materials: Brick
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Private
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Has Basement: Yes
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Cooling: Ceiling Fan(s), Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater: Gas
Multi Family
Multi Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Net Operating Income: $20,400

Property History for 5519 Richfield Road

DateEvent & SourcePriceAppreciation
Dec 4, 2017

Sold (Public Record)

Public Record #611345614

$90,000

+8.2% / yr

Dec 4, 2017

Sold

MiRealSource #21376845

$90,000
Oct 29, 2017

Contract Signed

MiRealSource #21376845

DateEvent & SourcePrice
12/04/2017

Sold (Public Record)

Public Record #611345614

$90,000

+8.2% / yr

12/04/2017

Sold

MiRealSource #21376845

$90,000
10/29/2017

Contract Signed

MiRealSource #21376845

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

Public Records for 5519 Richfield Road

Taxable ValueLand-Additions-Total-
Tax Record2024$5,278 ($440 / month)
Home Facts
Total Finished SqFt2,184 SqFtAbove Grade Finished SqFt2,184 SqFtStories2Lot Size35,109 SqFtStyleMiscellaneous CommercialYear Built1976ZoningC-2 HWY COMMCountyGENESEEAPN11-35-526-002

Schools near 5519 Richfield Road

This home is within Kearsley Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - K to 5
Public - 4 to 6
Public - 6 to 8
Rating
School
Distance
Weston Elementary School
PublicPK to 1

Kate Dowdall Elementary School
PublicK to 5

Leota Fiedler Elementary School
Public4 to 6

Armstrong Middle School
Public6 to 8

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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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 RE/MAX Select

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