21710 29 Mile Road
Ray, MI 48096
- 5 beds
- 3 baths
- 3,752 sqft
- ~3/4 acre lot
- $113 per sqft
- 1942 build
- – on site
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.
Last checked:
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Checking…
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Last updated Dec 22, 2024
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MLS# 58050157925 —
The Building
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Year Built:1942
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Levels:Two
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Basement:false
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Foundation Details:Slab
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Building Area Source:PublicRecords
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Above Grade Finished Area:3752.0
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Above Grade Finished Area Source:PublicRecords
Interior
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Fireplace:false
Room Dimensions
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Living Area:3752.0
Location
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Cross Street:29 Mile Road / Indian Trail
The Property
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Parcel Number:210522227001
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Size Acres:0.65
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Lot Size Dimensions:144x187x27x223
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Fencing:Fenced
Listing Agent
- Contact info:
- Agent phone:
- (586) 677-8888
- Office phone:
- (586) 677-8888
Taxes
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Tax Legal Description:T4N,R13E 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.
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Tax Assessed Value:152200
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Tax Annual Amount:1853.0
Beds
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Bedrooms Total:5
Baths
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Bathrooms Total:3
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Bathrooms Full:3
The Listing
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Virtual Tour URL Unbranded:https://tours.cozycornermedia.com/idx/248694
Heating & Cooling
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Heating:ForcedAir, NaturalGas, SeparateMeters
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Heating:true
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Cooling:CentralAir
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Cooling:true
Utilities
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Sewer:SepticTank
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Water Source:Well
Appliances
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Appliances:Dryer, Freezer, Oven, Refrigerator, Range, Washer
Schools
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High School District:NewHaven
The Community
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Subdivision Name:NONE
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Waterfront:false
Parking
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Parking Features:Assigned2Spaces
IDX provided courtesy of Realcomp II Ltd., via Estately and MiRealSource, © 2024 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/27/24
Nov 27, 2024
|
Listed / Active | REALCOMP | $425,000 |
