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For sale
  • $405,000

    21710 29 Mile Rd, Ray, MI 48096

    5beds
    3,752sqft
    : 
    Multi Family
    Built in 1942
    -- sqft lot
    $396,100 Zestimate®
    $108/sqft
    $-- HOA

    What's special

    Private entranceSpacious apartmentsHuge lot
    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.
    3 days
    on Zillow
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    216
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    10
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    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#: 50172267MLS LogoOriginating MLS: MiRealSource
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 21710 29 Mile Rd.

    Next available tour time:Today at 2pm

    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

    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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