Home for Sale 21700 sq.ft, 280 Richton Ave, Zip Code 48203

Welcome Highland Park, MI Nestled within a vibrant community, this charming apartment building offers a comfortable lifestyle just moments away from local amenities. Conveniently located near major highways and public transportation, commuting is a breeze. Dont miss out on this opportunity to experience urban living at its finest in Highland ParkInvesting in real estate in Highland Park, MI, presents opportunities for investors to benefit from affordability, potential appreciation, steady rental demand, favorable location, and redevelopment prospects. 280 Richton St includes 34 residential units as well as 4 retail spaces on the ground levelNumber of 1 Bedroom Units 30Number of 2 Bedroom Units 3Number of 3 Bedroom Units 1Investing in real estate in Highland Park, MI, can be advantageous for several reasons-Affordability Compared to nearby areas, real estate prices in Highland Park may be more affordable, offering opportunities for investors to acquire properties at lower costs. -Potential for appreciation Highland Park is undergoing revitalization efforts, which could lead to an increase in property values over time as the area develops and improves. -Rental demand With its proximity to Detroit and various amenities, Highland Park can attract renters seeking affordable housing options. Investors can capitalize on steady rental demand and potentially achieve attractive rental yields. -Location Highland Parks location near major highways and public transportation makes it attractive for residents commuting to nearby employment centers, enhancing its appeal to potential tenants. -Opportunity for redevelopment Highland Park may offer opportunities for investors interested in redevelopment projects or property renovations, contributing to the revitalization of the area while potentially generating significant returns on investment.

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