21710 29 Mile Road, Ray Twp, Michigan 48096
$375,000
Property Details
- MLS#: 58050182366
- Bedrooms: 5
- Bathrooms: 3
- Square Feet: 3,752
- Price per Sqft: $100
- Lot Size: 0.65 acres
- Year Built: 1942
- Property Type: ResidentialIncome
- Status: Active
- Days on Market: 202
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. Tenant pays all utilities.
Location
This property is located in Ray Twp, Michigan. Ray Twp is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 21710 29 Mile Road?
21710 29 Mile Road is listed at $375,000, or $100 per square foot.
How many bedrooms does 21710 29 Mile Road have?
This property has 5 bedrooms and 3 bathrooms, with 3,752 square feet of living space.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
Similar Homes for Sale in Ray Twp
Browse Ray Twp Real Estate