$445,000 for Sale
21710 29 mile, ray, MI 48096
Property 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.
General Information
Sale Price: $445,000
Price/SqFt: $119
Status: Active
MLS#: mrsmi50147583
Originating MLS: MiRealSource
City: ray twp
Post Office: ray
County: Macomb
Acres: 0.65
Lot Dimensions: 144 X 187 X 27 X 223
Size: 3,752 sq.ft.
Acreage: 0.65 est.
Year Built: 1942
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $1,210
Est. Winter Taxes: $643
Information provided by East Central Association of REALTORS
® Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that 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.
Listing By: John Bolos of Century 21 AAA North-Macomb, Phone: 586-677-8888
