Don't miss out on this opportunity to acquire an exceptional multifamily investment in Highland Park with a prime location near urban amenities and major highways at 280 Richton Street, the Richton Apartments. Investing 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. The property has been prepared for restoration, giving a new owner a running start on a potential renovation. 280 Richton Street is a four-story vacant brick building with 34 residential units and 4 commercial units on the ground level. The community includes 30 one-bedroom units, 3 two-bedroom units, and one three-bedroom unit. The commercial storefronts can be used for businesses or be converted to add additional residential units. The sale also includes a bonus vacant 0.32-acre lot across the street at 279 Richton Street. This allows for future development opportunities to create additional profits and return on investment. Conveniently located near the John C. Lodge Freeway, the Davison Freeway, and public transportation, the Richton Apartments attract residents with quick and easy commutes. Proximity to the Woodward Avenue commercial corridor allows tenants to enjoy access to household name retailers, including Aldi, Popeyes, Wendy’s, Little Caesar’s Pizza, AutoZone Auto Parts, and many more. Investing in real estate in Highland Park, MI, can be advantageous for several reasons. Compared to nearby areas, real estate prices in Highland Park may be more affordable, offering opportunities for investors to acquire properties at lower costs. Highland Park is undergoing revitalization efforts, which could lead to an increase in property values over time as the area develops and improves. 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.