21710 29 Mile
$405,000
21710 29 Mile, Ray, MI 48096
28,314 sqft
Lot Area
1942
Year Built
Details:
Highlights:
- Lot Dimension: 144X187X27X223
- Annual Tax: $ 1853.0
- Cooling: Central A/C
- Flooring: Tile
- Sewer: Septic
- Water: Well
- Age: Over 50 Years Old
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!
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