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21710 29 Mile Rd, Ray Twp, MI 48096
sale
$425,000
|
Industrial
Listed By CENTURY 21 Professionals
48680 Van Dyke, Utica, MI 48317
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. Will consider all reasonable offers!
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Property Features
- Cooling: Central A/C
- Cross Docks: N
- Flooring: Tile
- Flooring: Concrete
- For Auction: N
- Lot Size In Text: 0.65 Acres
- MLSID: 50157924
- Price Upon Request: N
- Sewer: Septic
- Style: Other Style
- Sublease: N
- Water: Well
- Year Built: 1942
Directions to This Property
21710 29 Mile Rd, Ray Twp, MI 48096
Demographic Data for 21710 29 Mile Rd, Ray Twp, MI 48096
Average Age
50
Married
62%
Number of Homes
1,472
Homes with Children
20.79%
Occupation Type
Transportation to Work
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