21710 29 Mile Road, Ray, MI 48096 (MLS # 50157925)

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PRICE $425,000 dsIDX morgage calculator
BEDS 5
BATHS 3
HOME SIZE 3,752 sqft
LOT SIZE 28,314 sqft
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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.

DAYS ON MARKET 73 LAST UPDATED 10/10/2024
TRACT None YEAR BUILT 1942
COMMUNITY Ray Twp (50005) COUNTY Macomb
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
School District New Haven Community Schools


ADDITIONAL DETAILS
AIR Central A/C
AIR CONDITIONING Yes
APPLIANCES Dryer, Freezer, Range/Oven, Refrigerator, Washer
AREA Ray Twp (50005)
BASEMENT Slab
EXTERIOR Fenced Yard
HEAT Forced Air
LOT 0.65 acre(s)
LOT DIMENSIONS 144x187x27x223
PARKING 3 or More Spaces
SEWER Septic
STORIES 2
STYLE 1 to 4 Units
SUBDIVISION None
WATER Private Well
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 21710 29 MILE ROAD
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Listing with MLS: , Century 21 AAA North-Macomb

Source MLS: MiRealSource

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