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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 425,000

Est. payment -/mo

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Active

21710 29 Mile Road Ray Twp, MI 48096

3 Baths

3,752 SqFt

UPDATED:

10/13/2024 12:39 PM

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

Originating Board MiRealSource

Year Built 1942

Annual Tax Amount $1,853

Lot Size 0.650 Acres

Acres 0.65

Lot Dimensions 144x187x27x223

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

Fireplace no

Heat Source Natural Gas

Exterior

Exterior Feature Fenced

Pool No

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Well (Existing)

Level or Stories 2 Story

Schools

School District New Haven

Others

Pets Allowed Yes

Tax ID 210522227001

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional

Listed by Century 21 AAA North-Macomb

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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