21710 29 Mile, Ray, MI 48096

sale $375,000 | Commercial-Other

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. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!

Virtual Tour

View Virtual Tour

Property Features

Additional MLS: 50182364
Age: Over 50 Years Old
Building Area: 0.00 SF
Cross Docks: N
For Auction: N
Lot Size In Text: 28314 Sq. Ft.
MLSID: 50182364
Parking Places: 0
Price Upon Request: N
Sewer: Septic
Style: Other Style
Sublease: N
Taxes: $2186.00
Water: Well
Year Built: 1942
Zoning: Commercial
Zoning: Commercial