Homes for sale - 21710 29 Mile RD, Ray, MI 48096

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Debbie Corey

debbie@debbiecorey.com +1(248) 601-1000

$ 375,000

Est. payment | -/mo

3,752 SqFt

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$ 375,000

Est. payment | -/mo

Save Virtual Tour

3,752 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,752 sqft

Price per Sqft $99

MLS Listing ID 58050182364

Year Built 1942

Lot Size 0.650 Acres

Acres 0.65

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!

Location

State MI

County Macomb

Area Area03051Raytwp

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Other

Flooring Concrete, Tile

Fireplace No

Exterior

Parking Features Other

Utilities Available NaturalGasConnected

View Y/N No

Roof Type Metal

Building

Foundation Slab

Sewer Septic Tank

Water Well

New Construction No

Schools

High Schools New Haven

School District New Haven

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition ShortSaleNo, Standard

Virtual Tour https://tours.cozycornermedia.com/248694

Listed by Ahmed Arafa of Century 21 Professionals

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Debbie Corey

Broker Associate

debbie@debbiecorey.com

+1(248) 601-1000

210 W University Dr, Rochester, MI, 48307-1975, USA

21710 29 Mile RD Ray, MI 48096

Debbie Corey

Key Details

Location

Interior

Exterior

Building

Schools

Others

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21710 29 Mile RD