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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
Multi Family
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Year Build
1942
Sq. Ft.
3752
Lot Size
0.65
County
Macomb
Tax
$1,853
MLS®️ Listing#
58050182366
On exitrealty.com
151 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. We will consider all reasonable offers. Huge lot would allow plenty of space for expansion. Tenant pays all utilities.
- Heating Information
- Forced Air
- Natural Gas
- Separate Meters
- Water Features
- Private
- Well
- Cooling Information
- Central Air
- Parking
- Assigned
Listing Courtesy: Century 21 Professionals - 586-731-8180
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Market statistics compiled from data from Michigan Regional Information Center.
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EXIT REALTY GROUP
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$405,000
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EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446