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$405,000
Est. payment /mo
3,752 SqFt
Active
21710 29 Mile Road Ray, MI 48096
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,752 sqft
Price per Sqft $107
Subdivision Mi
MLS Listing ID 50182364
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 Sub-Type Commercial/Industrial
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 (50005)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C, HVAC
Exterior
Parking Features 6-10 Spaces
Roof Type Metal
Building
Foundation Slab
Water Private Well
Structure Type Concrete/Block
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,Land Contract
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Listed by Century 21 Professionals
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