21710 29 Mile Road new Save Request In-Person Tour Request Virtual Tour
Ray Twp,MI 48096
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,752 sqft
Price per Sqft $113
MLS Listing ID 58050157924
Originating Board MiRealSource
Year Built 1942
Annual Tax Amount $1,853
Lot Size 0.650 Acres
Acres 0.65
Lot Dimensions 144 X 187 X 27 X 223
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 Ray Twp
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Forced Air,Central Air
Heat Source Natural Gas
Exterior
Pool No
Utilities Available 220V Available
Waterfront no
Roof Type Metal
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Block/Concrete/Masonry
Schools
School District New Haven
Others
Tax ID 210522227001
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Contract,Conventional
Listing Terms Cash,Contract,Conventional
Financing Cash,Contract,Conventional
Special Listing Condition Full Service