$445,000 Price Analysis 21710 29 Mile RdRay, MI 48096 5 bed 3 bath 3,752 SqFt ($118/SqFt) 0.65 acre lot. Built 1942 Listed 2024-07-05 | ✓ USDA Eligible near Ray Center, MI Restrictions may apply due to home size |
This 2-story 3 unit building features two open 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 infinite 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 cmmunity. 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. Tennant pays all utilities.
Presented by John Bolos at
CENTURY 21 AAA North.
Property MLS #50147586 from MiRealSource
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.