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.
For sale
$405,000
21710 29 Mile Rd, Ray, MI 48096
5beds
3,752sqft
Est.:
Multi Family
Built in 1942
-- sqft lot
$396,100 Zestimate®
$108/sqft
$-- HOA
What's special
Private entranceSpacious apartmentsHuge lot
- 3 days
- on Zillow |
- 216 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 07:17am
Listed by:
Ahmed Arafa 586-215-1208,
Century 21 Professionals Macomb 586-677-8888,
Ahmed Arafa 586-215-1208,
Century 21 Professionals Macomb
Source: MiRealSource,MLS#: 50172267
Originating MLS: MiRealSource

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Freezer, Range/Oven, Refrigerator, Washer, Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,752
- Total interior livable area: 3,752 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced
Lot
- Size: 0.65 Acres
- Dimensions: 144 x 187 x 27 x 223
- Features: Corner Lot
Details
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- Year built: 1942
Utilities & green energy
- Electric: 220 Volts
- Gas: Natural Gas
- Sewer: Septic Tank
- Water: Private Well
Community & HOA
Community
- Subdivision: None
Location
- Region: Ray
Financial & listing details
- Price per square foot: $108/sqft
- Annual tax amount: $1,853
- Date on market: 4/23/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Land Contract
- Total actual rent: 1500
- Road surface type: Paved
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