About 21710 29 Mile Rd
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.
Features of 21710 29 Mile Rd
| MLS® # | 58050182366 |
|---|---|
| Price | $375,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 3,752 |
| Acres | 0.65 |
| Year Built | 1942 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 21710 29 Mile Rd |
|---|---|
| Area | 03051 - Ray Twp |
| Subdivision | NONE |
| City | Ray township |
| County | Macomb |
| State | Michigan |
| Zip Code | 48096 |
Amenities
| Parking | Assigned 2+ Spaces |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Freezer, Oven, Refrigerator, Range, Washer |
|---|---|
| Heating | Forced Air, Natural Gas, Separate Meters |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Foundation | Slab |
|---|
School Information
| District | New Haven |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Professionals |
|---|---|
| Contact Info | ahmed@c21aaanorth.com |