21710 29 Mile, Ray, MI 48096
Local realty services provided by:CENTURY 21 Realty North
Listed by:
- Ahmed Arafa(586) 215 - 1208CENTURY 21 Professionals
- Ahmed Arafa(586) 215 - 1208CENTURY 21 Professionals
MLS#:50182366
Source:MI_REALSOURCE
Price summary
- Price:$375,000
About this home
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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Home facts
- Year built:1942
- Listing ID #:50182366
- Added:235 day(s) ago
- Updated:December 14, 2025 at 05:24 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air
Structure and exterior
- Year built:1942
- Lot area:0.65 Acres
Utilities
- Water:Private Well
- Sewer:Septic
Finances and disclosures
- Price:$375,000
- Tax amount:$2,186
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