21710 29 Mile, Ray MI 48096

$425,000

21710 29 Mile, Ray, MI 48096

bedrooms

bathrooms

square feet

3,752

Acreage

0.65

Open Houses

year built

1942

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Macomb
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 50157925

Listing agent: John Bolos #6501444335

Listing broker: Century 21 Aaa North (586) 274-1111

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Last update: Wednesday, January 15 2025 at 2:27 a.m. EST

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