21710 29 Mile Road

Ray, Michigan 48096

  • 0 Bed(s)
  • 3 Bath(s)
  • 3,752 Sqft
  • 0.65
    Acre(Lot)
$425,000

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. will consider all reasonable offers

  • Property Type

    Multifamily

  • County

    Macomb

  • Style

    Multifamily

  • AD ID

    47140306

Sell a home like this and save $25,001 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Bathroom Information

    • Total Baths: 3
    • Full Baths: 3

    Heating & Cooling

    • Cooling: Central Air
    • Heating: Forced Air,Separate Meters
    • Heating Fuel: Natural Gas

    Water Heater

    • Natural Gas

  • Building Information

    • Year Built: 1942
    • Building Stories: 2 Story
    • Total Units: 3
    • Foundation/Basement: Slab

    Utility Features

    • Sewer: Septic Tank (Existing)

    Water

    • Well (Existing)
    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 0.65
    • Dimensions: 144x187x27x223

    Property Information

    • SQ ft: 3752
    • Subdivision: None
    • Financing: Cash,Contract,Conventional

  • Listing Price Information

    • Original List Price: $425,000

    Listing Information

    • Possession: Close Plus 6-15 Days
    • Legal Description: T4N,R13E SEC 22 BEG AT A PT 544 FT S89*44'W OF NE COR SEC 22; TH S89*44'W 194 FT; TH S33*30'E 265 FT; TH N89*32'E 63 FT TH N3*56'E 221.9 FT TO PT OF BEG 0.65 A.

  • Tax Information

    • Annual Tax: $1,853
    • Parcel Number: 210522227001

    Possession

    • Close Plus 6-15 Days

    Legal Information

    • Legal Description: Section: T4N,R13E SEC 22 BEG AT A PT 544 FT S89*44'W OF NE COR SEC 22; TH S89*44'W 194 FT; TH S33*30'E 265 FT; TH N89*32'E 63 FT TH N3*56'E 221.9 FT TO PT OF BEG 0.65 A.

  • Virtual Tour

    Multi-Unit Information

    • Road Frontage: Paved

  • Utility Information

    • Water:Well (Existing)
    • Sewer:Septic Tank (Existing)
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2020 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan.

BuyOwner last updated this listing 11/23/2024 @ 17:12

  • MLS: 615816508
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is for sale, it has 3,752 sqft, 1 sized lot, and Assigned Spaces parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Ray , in zip code 48096, this Macomb County Multifamily are nearby neighborhoods.