3-Unit Rental near dwtwn Farmington

Property Description

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.