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. We will consider all reasonable offers. Huge lot would allow plenty of space for expansion. Tenant pays all utilities.
Features of 21710 29 Mile Road
MLS® # | 50182366 |
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Price | $375,000 |
Bedrooms | 5 |
Bathrooms | 3.00 |
Full Baths | 3 |
Square Footage | 3,752 |
Acres | 0.65 |
Year Built | 1942 |
Type | Multifamily |
Sub-Type | 1 to 4 Units |
Status | Active |
Source MLS | MiRealSource |
Originating MLS | MiRealSource |
Community Information
Address | 21710 29 Mile Road |
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Area | Ray Twp |
City | Ray |
County | Macomb |
State | Michigan |
Zip Code | 48096 |
Amenities
Parking | 3 or More Spaces |
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Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Dryer, Freezer, Range/Oven, Refrigerator, Washer |
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Heating | Forced Air |
Cooling | Central A/C |
Fireplace | No |
Structure Style | 2 Story |
Exterior
Exterior Features | Fenced Yard |
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Foundation | Slab |
School Information
District | New Haven Community Schools |
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Additional Information
Foreclosure | No |
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Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Century 21 Professionals |
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