About 21710 29 Mile Road
Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!
Features of 21710 29 Mile Road
| MLS® # | 50182364 |
|---|---|
| Price | $375,000 |
| Square Footage | 3,752 |
| Acres | 0.65 |
| Year Built | 1942 |
| Type | Commercial |
| Sub-Type | Commercial/Industrial |
| Status | Active |
| Source MLS | MiRealSource |
| Originating MLS | MiRealSource |
Community Information
| Address | 21710 29 Mile Road |
|---|---|
| Area | Ray Twp |
| City | Ray |
| County | Macomb |
| State | Michigan |
| Zip Code | 48096 |
Amenities
| Features | 110 Volt Power, 220 Volt Power, Bath, Cable Internet Installed, Concrete Floor, Private Restrooms, Telephone, Tile Floors |
|---|---|
| Parking | 6-10 Spaces |
| Is Waterfront | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C, HVAC |
Exterior
| Roof | Metal |
|---|---|
| Construction | Concrete/Block |
| Foundation | Slab |
Additional Information
| Zoning | Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Professionals |
|---|