$375,000

21710 29 Mile Road, Ray, MI 48096

  • 3,752 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1942
  • Property Lot Size Icon0.65acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $100/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Listing Agent: Ahmed Arafa Broker: Century 21 Professionals: 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. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!

Listing Status:
Active
Listing Office:
Century 21 Professionals : 586-731-8180
Listing Agent:
Ahmed Arafa : 586-215-1208
MLS ID:
50182364
  • Appliances: Gas Water Heater
  • Flooring: ConcreteTile
  • A/C: Central AirHVAC
  • Heating: Forced Air
  • Parking: 6-10 Spaces
  • Roofing: Metal
  • General: Concrete/BlockSlab
  • Road/Access: City/County
  • Originating MLS: MiRealSource
  • County: Macomb
  • Zoning: T4NR13E SEC 22 BEG AT A PT 544 FT S89*44'W OF NE COR SEC 22; TH S89*44'W 194 FT; TH S33*30'E 265 FT; TH N89*32'E 63 FT TH N3*56'E 221.9 FT TO PT OF BEG 0.65 A.
  • Utilities: Cable ConnectedPhone Connected110 Volt Power220 Volts
  • Water: Private Well
  • Sewer: Septic Tank
  • Source: MiRealSource

This listing courtesy of Ahmed Arafa, Century 21 Professionals

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

E

Endeavour Elementary and Middle School

22505 26 Mile Rd, Ray, MI, 48096

Grades KG-8

2.96 miles away

E

Endeavour Elementary and Middle School

22505 26 Mile Rd, Ray, MI, 48096

Grades KG-8

2.96 miles away

L

Lake Huron Virtual Hybrid High School

PO Box 482000 57700 Gratiot Avenue,, New Haven, MI, 48048

Grades 6-12

6.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.