21710 29 Mile, Ray, MI 48096
5
3|Apartment
THB ฿14,789,057
USD $425,000
Published on: 11 Oct 2024
Last updated on: 09 Nov 2024
Property ID: 110095081520
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Multi-Family, 2 Story - Ray, MI
21710 29 Mile, Ray, MI 48096
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.
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Apartment
Listing Status
Active
Land Size
2,630.46 m2
Building Size
348.57 m2
Year Built
1942
Rooms
5 bedroom(s), 3 bathroom(s)
Architecture Style
Other
Building Unit Count
3
Num Floors
2
Franchise
Century 21 Real Estate
County
Macomb
Parcel ID
21-05-22-227-001
Provider
Century 21 AAA North
Brokerage Office Name
Century 21 AAA North
Brokerage Office Phone
(586) 274-1111
Neighbourhoods
Ray Twp (50005)
Address
21710 29 Mile, Ray, MI 48096
Floorplans and tours
3D Tour
Nearby Schools
| Type | School name | District name |
|---|---|---|
| Elementary | Not available | New Haven Community Schools |
| High | Not available | New Haven Community Schools |
| Juniorhigh | Not available | New Haven Community Schools |
| Middle | Not available | New Haven Community Schools |
Contact Agent
John Bolos
Contact Agent
Contact Agent
Email enquiry to Century 21 AAA North-Macomb
John Bolos
16432 26 Mile Rd, Macomb Twp, MI 48042
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Property ID: 110095081520
Data provided by Century 21 AAA North, MLS #: 50157925
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