Pending
70550 Main Street, Richmond, MI 48062
$225,000
MLS # 26012811 (Michigan Regional Information Center (MichRIC))
5 beds4 baths2,088 sqftBuilt 19000.22 acres
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Listing Description
Exciting Investment Opportunity! This unique property features four units, including a spacious main floor unit, two upper units, and a unit above the two-car garage. With ample parking space and located right on Main Street, this property is in a prime rental area close to downtown and shopping. Don't miss out on this fantastic opportunity!
Source: SparkMLS
About this home
This 5-bedroom, 4-bath, 2,088 sq ft home built in 1900 sits in Richmond in Richmond.
Listed at $225,000 (about $108/sq ft).
Estimated annual property tax: $7,393, or about $616 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 SEMCO Energy Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms4
Living Area2,088 sqft
Lot Size0.22 acres
Year Built1900
Stories2
Location
CityRichmond
MunicipalityCity of Richmond
Zip Code48062
CountyMacomb
School DistrictRichmond
Construction & Systems
StyleColonial
ConstructionVinyl Siding
BasementSlab
Garage2 spaces
HeatingBaseboard, Wall Furnace
WaterPublic
Sale & Financing
Listed3/31/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$7,393
Tax Year2025
Assessed Value$114,650
Parcel #50-07-03-35-276-002
Source: SparkMLS
Legal Description
ASSESSORS PLAT NO 1 S 60 FT OF LOT 1 CITY OF RICHMOND
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Bradley Thomson
Vantage Realty Group, LLC
Frequently Asked Questions about 70550 Main Street, Richmond, MI 48062
What school district is 70550 Main Street, Richmond, MI 48062 in?
Per MLS# 26012811, this property is served by Richmond. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26012811, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26012811, the most recent reported annual property tax for 70550 Main Street, Richmond, MI 48062 is $7,393 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 70550 Main Street, Richmond, MI 48062 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 70550 Main Street, Richmond, MI 48062 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: SEMCO Energy Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Macomb County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
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Monthly payment$1,459
Principal & interest$1,459
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
SEMCO Energy Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
70550 Main Street, Richmond, MI 48062
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Municipality
Richmond
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County
Macomb County
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