Basics
| Status Active | Category CommercialSale | Year built 1942 | MLS ID 58050182364 |
| Date added Added 13 hours ago | Subdivision Name NONE | Lot Size Acres 0.65 acres | Address 21710 29 Mile RD, RayTownship_Macomb, Michigan, 48096 |
| Cooling CentralAir, Other |
Description
-
Description:
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!
Building Details
- Roof: Metal
- Construction Materials: Block
- Basement YN: No
- Sewer: SepticTank
- Heating: ForcedAir, NaturalGas
- Garage YN: No
- Building Features: Bath, CeilingHeightLessthan16ft, CableInternetInstalled, PrivateRestrooms, Telephone
Location
- City / Department: RayTownship_Macomb
- State: Michigan
- Zip / Postal Code: 7931
- County Or Parish: Macomb
Amenities & Features
- Waterfront YN: No
- Electric: Power110Volt, Volts220
- Flooring: Concrete, Tile
- Fireplace YN: No
- Utilities: NaturalGasConnected
- Pool YN: No
- Parking Features: Other
- WaterSource: Well
Financial
- Homestead YN: No
School Information
- High School District: NewHaven
Miscellaneous
- Listing Terms: Cash, Contract, Conventional
Courtesy of
- List Office Name: Century 21 Professionals