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USAMIRay Twp21710 29 Mile Rd
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Added 2 months ago

$405,000

21710 29 Mile Rd, Ray Twp, MI

Real Estate

For Sale

Listed price in listed location currency (USD).
$405,000

Added 2 months ago

533752 sqft0
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3752 sqft
Garage No
Taxes $1,853
Days Active 59
Lot Size 
Approx. Age 1942
Avg. Price Per Sqft $107
MLS® Number 58050172267

Property Address: 21710 29 Mile Rd, Ray Twp, Michigan

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number58050172267
Laundry Level
Central VacNo
FireplaceNo
Acreage0.65
Exterior
GarageNo
Approx. Age1942
Basement
DrivewayAssigned 2 Spaces
Garage Spaces
HeatForced Air, Natural Gas, Separate Meters
A/CCentral Air
Heating Fuel

Extras

21710 29 Mile Rd, Ray Twp, MI

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