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Ray, MI 48096,21710 29 Mile Road
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Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
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Excel Legacy Realty Team

Excel Legacy Realty Team

+1(586) 598-5988
$ 405,000
Est. payment /mo
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Active

21710 29 Mile Road Ray, MI 48096

5 Beds

3 Baths

3,752 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,752 sqft

Price per Sqft $107

Subdivision Mi

MLS Listing ID 50172267

Style 2 Story

Bedrooms 5

Full Baths 3

Year Built 1942

Annual Tax Amount $1,853

Lot Size 0.650 Acres

Acres 0.65

Lot Dimensions 144x187x27x223

Property Sub-Type Multi-Family

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.

Location

State MI

County Macomb

Area Ray Twp (50005)

Interior

Heating Forced Air

Cooling Central A/C

Fireplace No

Appliance Dryer, Freezer, Range/Oven, Refrigerator, Washer

Building

Story 2 Story

Foundation Slab

Water Private Well

Schools

School District New Haven Community Schools

Others

Ownership Private

SqFt Source Public Records

Energy Description Natural Gas

Financing Cash,Conventional,Land Contract

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Professionals Macomb

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+1(586) 598-5988

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21710 29 Mile Road