21710 29 Mile Road Active Save Request In-Person Tour Request Virtual Tour
Ray Twp,MI 48096
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,752 sqft
Price per Sqft $113
MLS Listing ID 58050157925
Full Baths 3
Year Built 1942
Annual Tax Amount $1,853
Lot Size 0.650 Acres
Property Description
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.
Location
State MI
County Macomb
Area Ray Twp
Interior
Hot Water Natural Gas
Heating Forced Air,Separate Meters
Cooling Central Air
Exterior
Exterior Feature Fenced
Pool No
Waterfront no
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Schools
School District New Haven
Others
Acceptable Financing Cash,Contract,Conventional
Listing Terms Cash,Contract,Conventional