Listing
$650,000
Original list price: $675,000
33614 Gr••••• River Ave (Sign up for 50 free credits to unlock)Farmington, MI 48335
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.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Closed
- Listed
- Jun 4, 2026
- Sold
- Aug 20, 2026
- List Price
- $675,000
- Price per Sq Ft
- $220/sqft
- ZIP Code
- 48335
- Full Baths
- 4
- Half Baths
- 1
- Stories
- 2
- Heating
- Hot Water
- Construction
- Wood
- Style
- Colonial, Duplex, Ranch, Victorian
- Property Tax (2025)
- $9,947/yr
- Assessed Value
- $199,670
- Neighborhood
- Farmington
- County
- Oakland
- School District
- Farmington Public School District
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 6
Bathrooms
- Total Bathrooms: 4.10
- Full Bathrooms: 4
- 1/2 Bathrooms: 1
Land Info
- Lot Size Acres: 0.26
- Lot Size Dimensions: 66X174.34
- Lot Size Square Feet: 11326
Utilities
- Sewer: Sewer (Sewer-Sanitary)
- Water Source: Public (Municipal)
Rental Info
- Gross Scheduled Income: 61740
- Rent Includes: Heat, Yard Maintenance
Commercial Info
- Net Operating Income: 42740
- Operating Expense: 19000
Multi-Unit Info
- Number of Units: 3
- Number of 1 Bedroom Units: 1
- Number of 2 Bedroom Units: 1
- Number of 3 Bedroom Units: 1
School Information
- School District: Farmington
Heating and Cooling
- Heating Features: Hot Water
- Heating Fuel: Natural Gas
Other Property Info
- Annual Tax Amount: 9948
- Source Listing Status: Sold
- County: Oakland
- Directions: Grand River Ave west of Farmington Rd.
- Area: Farmington Hills
- Source Neighborhood: Assrs 7 - City Of Farmington
- Ownership Type: Short Sale - No,Private Owned
- Parcel Number: 2328230005
- Postal City: Farmington
- Postal Code Plus 4: 3524
- Subdivision: Assrs 7 - City Of Farmington
- Zoning: Residential
Homeowners Association
- Pets Allowed: Call
Building and Construction
- Total Square Feet Living: 2952
- Year Built: 1901
- Construction Materials: Wood
- Foundation Details: Crawl, Michigan Basement, Sealed Foundation
- Levels: 2 Story
- Living Area Source: Public Records
- Property Age: 125
- Levels or Stories: 2 Story
- House Style: 2 Story
- Total Area Sqft: 2952
- Total Below Grade Area: 692
- Year Remodeled: 2016
- Architectural Style: Colonial, Duplex, Ranch, Victorian
Exterior and Lot Features
- Road Frontage Type: Paved
- Porch Description: Porch
Location
Lat 42.46622 · Lng -83.37890