21710 29 Mile Ray, MI 48096
Listing Courtesy of: MIREALSOURCE / Century 21 Aaa North / John Bolos

  21710 29 Mile Ray, MI 48096

Active (18 Days)
$445,000
5
BED
3
BATH
3,752
SQFT

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. Tennant pays all utilities.

MLS #:
50147586
Taxes
$1,853
Lot Size
0.65 acres
Type
Multifamily
Year Built
1942
School District
New Haven Community Schools
County
Macomb County

Listed By

John Bolos, Century 21 Aaa North
Source
MIREALSOURCE
Last checked Jul 23 2024 at 4:54 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Gas Water Heater
  • Washer
  • Refrigerator
  • Range/Oven
  • Freezer
  • Dryer
Lot Information
  • Corner Lot
Property Features
  • Foundation: Slab
Heating and Cooling
  • Forced Air
  • Central Air
Utility Information
  • Sewer: Septic Tank
Parking
  • Total: 3
  • 3 or More Spaces
Stories
  • 2
Living Area
  • 3,752 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 3
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 7/20/23 10:38