$445,000
For Sale

21710 29 Mile Road

Ray, MI 48096
3752 sqft | 3 baths | #58050147586
Browse 37 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

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.

  • Interior Details
      • HeatingForced Air, Separate Meters
      • CoolingCentral Air
    • Beds & Baths
      • Total Baths3.00
      • Bathrooms3
      • Full Baths3
  • Property Details
      • Exterior FeaturesFenced
    • Measurements
      • Square Feet3752
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1942
  • Community and Neighborhood Details
      • School DistrictNew Haven
      • RegionRay Twp
      • CountyMacomb
  • Financial Details
      • Original List Price$445,000
  • Other
      • MLS #58050147586

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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