Ray Twp MI Multi Family for Sale
$445,000
21710 29 Mile Road Ray Twp, MI 48096
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.65 Acres
- Year built:
- 1942
- Baths:
- 3.00
- MLS#:
- 58050147586
- Subdivision:
- None
View additional info
Courtesy: Century 21 AAA North-Macomb
586-677-8888
ADDITIONAL INFORMATION
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. Tennant pays all utilities.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. This IDX information is from the IDX program of RealComp II Ltd. and is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and Realcomp II Ltd., copyright 2024 Realcomp II Ltd. Shareholders.
Ray Twp Real Estate
The median home value in Ray Twp, MI is $400,000. The national median home value is $219,700. The average price of homes sold in Ray Twp, MI is $400,000. Ray Twp real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ray Twp real estate agent to arrange a tour today!
Ray Twp, Michigan has a population of 1,988.
The median household income in Ray Twp, Michigan is $63,944. The median household income for the surrounding county is $58,175 compared to the national median of $57,652. The median age of people living in Ray Twp is 48.5 years.
Ray Twp Weather
The average high temperature in July is 81.6 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 33 inches per year, with 32 inches of snow per year.