MLS # 20261041198 (Realcomp)

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 one 1,769 square foot, two-story single-family rental home at 33614 Grand River Ave and one 1,183 square foot, single-story duplex situated directly behind at 33615/17 Adams Street. Both are the on the same parcel.33614 features new carpet, hard wood floors, updated kitchen and bath, and basement foundation waterproofing.33615/17 features updated bathrooms and kitchens, new hot water heater, and new roof (2021).Please do not disturb tenants.
Source: SparkMLS
5-bath home in Farmington in Farmington built in 1901.
Asking $675,000.
Estimated annual property tax: $9,948, or about $829 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
T1N, R9E, SEC 28 ASSESSOR'S PLAT NO 7 LOT 32
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Emil Cherkasov
Forward Commercial Group
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
33614 Grand River Avenue, Farmington, MI 48335
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Municipality
Farmington
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County
Oakland County
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