21710 29 Mile Road, Ray, Michigan

$375,000

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5

Beds

3

Baths

3,752

Square feet

0.65

Acres

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
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
Area Ray Twp
City Ray
County Macomb
State Michigan
Zip Code 48096

Amenities

Parking 3 or More Spaces
Is Waterfront No
Has Pool No

Interior

Appliances Dryer, Freezer, Range/Oven, Refrigerator, Washer
Heating Forced Air
Cooling Central A/C
Fireplace No
Structure Style 2 Story

Exterior

Exterior Features Fenced Yard
Foundation Slab

School Information

District New Haven Community Schools

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Professionals

Listing Map

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