21710 29 Mile Rd Ray Twp, MI 48096
Multi-Family (2-4 Units)
MLS #: 50157925
Listed By CENTURY 21 AAA North
16432 26 Mile Road, Macomb, MI 48042
16432 26 Mile Road, Macomb, MI 48042
$425,000
5 beds
|
3 baths
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Estimated monthly payments:
$1,858/mo.* (recalculate)
1-Front
Property InformationDescription
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. Will consider all reasonable offers!
Features
- Appliances: Dryer, Range / Oven, Refrigerator, Washer
- Cooling: Central A/C
- Heating - Fuel Type: Gas
- Heating Type: Forced Air
- Lot Size: 0.65 Acres
- Sewer: Septic
- Style: Other Style
- Water: Well
MAP & DIRECTIONS
School Information
21710 29 Mile Rd, Ray Twp, MI 48096
Elementary School
Grades PK-5 |
Public School
NEW HAVEN ELEMENTARY SCHOOL
New Haven, MI 48048
57701 River Oaks Dr
586.749.8360
Distance: 6.5 mi
School Rating
B-
Student:Teacher Ratio
18:1
Total Students
416
Middle School
N/A
High School
Grades 9-12 |
Public School
NEW HAVEN HIGH SCHOOL
New Haven, MI 48048
57700 Gratiot Ave
586.749.5104
Distance: 6.2 mi
School Rating
B-
Student:Teacher Ratio
18:1
Total Students
331
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Endeavour Elementary And Middle School | 3.0 mi | Public | KG-8 | B |
| Richard J. Duncan Elementary School | 5.3 mi | Public | PK-6 | B+ |
| St Peter Lutheran School | 5.6 mi | Private | PK-8 | |
| Beck Centennial Elementary School | 5.7 mi | Public | PK-6 | B |
| Beacon Tree Elementary School | 6.3 mi | Public | PK-6 | B- |
| Lanse Creuse Middle School East | 6.7 mi | Public | 6-8 | C |
| Francis A Higgins Elementary School | 6.8 mi | Public | PK-5 | B- |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Ray, MI 48096
| Median Age: | 50.8 |
|---|---|
| Married: | 55% |
| Number of Households: | 1,472 |
| Households with Children: | 21.5% |
Ray, MI 48096
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
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Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
