Listing Courtesy of: John Bolos - Century 21 AAA North-Macomb
586-677-8888
$445,000
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21710 29 Mile Road Ray Twp, MI 48096
Multi-Family
Residence
Beds
3
Baths
Sq. Ft.
0.65
Acre
Lot
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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 sto...re, 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. Tennant pays all utilities.
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Source MLS
Real Comp
Originating MLS
MiRealSource
MLS#
58050147586
Property Type
Multi-Family
Bathrooms
3 Full
Year Built
1942
Lot Size
0.65
Stories
2.0
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