For sale

$375,000

21710 29 Mile Rd, Ray, MI 48096

5beds

3,752sqft

Est.:

Multi Family

Built in 1942

-- sqft lot

$359,600 Zestimate^®

$100/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.

159 days

683

25

Tour with a local 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

Parcel number: 210522227001
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: $100/sqft
Annual tax amount: $2,185
Date on market: 7/21/2025
Cumulative days on market: 527 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Land Contract
Total actual rent: 1500
Road surface type: Paved

Estimated market value

$359,600

$342,000 - $378,000

$1,493/mo

Price history

Date	Event	Price
9/17/2025	Price change	$375,000-7.4%$100/sqft
Source: MiRealSource #50182366 Report a problem
8/28/2025	Listed for sale	$405,000$108/sqft
Source: MiRealSource #50182366 Report a problem
8/15/2025	Pending sale	$405,000$108/sqft
Source: MiRealSource #50182366 Report a problem
7/21/2025	Listed for sale	$405,000$108/sqft
Source: MiRealSource #50182366 Report a problem
7/21/2025	Listing removed	$405,000$108/sqft
Source: MiRealSource #50172267 Report a problem