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21710 29 Mile Road, Ray Township, MI 48096
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$405,000
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Home Details for 21710 29 Mile Road
Price
$405,000
Type
Commercial/Industrial
Year Build
1942
Lot Size
0.65
County
Macomb
Tax
$1,853
MLS®️ Listing#
58050182364
On exitrealty.com
150 days
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. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!
- Cooling Information
- Central Air
- Other
- Heating Information
- Forced Air
- Natural Gas
- Water Features
- Private
- Well
- Utilities
- Natural Gas Connected
- Parking
- Other
Listing Courtesy: Century 21 Professionals - 586-731-8180
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
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$405,000
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220