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21710 29 Mile
Ray MI 48096 US

$425,000

Active Listing ID 50157925
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5 bed
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3.00 Bath (3 Full)
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Lot: 0.65 Acres
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Other

$425,000

Active Listing ID 50157925
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21710 29 Mile 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. Tenant pays all utilities.

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Property Features

  • Facts
  • Lot Size: 0.65 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Cooling System: Central A/C
  • Exterior Finish: Fenced Yard
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 425000
  • unparsedaddress: 21710 29 Mile
  • postalcity: Ray
  • stateorprovince: MI
  • country: US
  • postalcode: 48096
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.65
  • lotsizeunits: Acres
  • lotsizearea: 0.65
  • livingarea: 3752
  • livingareaunits: Square Feet
  • latitude: 42.761082
  • longitude: -82.903534
  • listagentfullname: John Bolos
  • listagentemail: john@c21aaanorth.com
  • listagentkey: 3yd-MIREAL-699135
  • listagentmlsid: 699135
  • listagentpreferredphone: 5862741111
  • listagentofficephone: 5866778888
  • listofficekey: 3yd-MIREAL-1595
  • listagentstatelicense: 6501444335
  • listofficemlsid: 1595
  • disclaimer: Copyright © 2024 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MIREAL
  • yearbuilt: 1942
  • listingcontractdate: 2024-10-10
  • listagenturl: http://c21aaanorth.com
  • countyorparish: Macomb
  • parcelnumber: 21-05-22-227-001
  • elementaryschooldistrict: New Haven Community Schools
  • middleorjuniorschooldistrict: New Haven Community Schools
  • highschooldistrict: New Haven Community Schools
  • appliances: Dryer, Freezer, Range, Refrigerator
  • cooling: Central A/C
  • heating: Forced Air
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Century 21 Real Estate
  • exteriorfeatures: Fenced Yard
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.903534, 42.76108
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Century 21 AAA North", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"john@c21aaanorth.com", "ListBrokerageCity":"Sterling Heights", "ListBrokerageCountry":"US", "ListBrokerageEmail":"charles@c21aaanorth.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MIREAL/ff80808116ab84e30116ac30c4ed02a4/20080821101008691.jpg", "ListBrokerageName":"Century 21 AAA North", "ListBrokeragePhone":"(586) 274-1111", "ListBrokeragePostalCode":"48310", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"40682 Ryan Rd", "ListBrokerageWebsiteUrl":"http://c21aaanorth.com", "ListOfficeAddress1":"16432 26 Mile Rd", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Macomb Twp", "ListOfficeCountry":"US", "ListOfficeEmail":"chrs_hndrx@yahoo.com", "ListOfficePostalCode":"48042", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family, 2 Story - Ray, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/21710-29-Mile-Rd_Ray_MI_48096_M90250-38427?f=listhub&s=MIREAL&m=50157925&c=rexren", "MLSModificationTimestamp":"2024-10-30T17:25:26Z", "Neighborhoods":[{"Description":null, "Name":"Ray Twp (50005)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1853, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/28/2024 8:03:21 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: John Bolos, Century 21 Professionals Macomb, john@c21aaanorth.com

Copyright © 2024 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.