MI > Ray
Ray, MI 48096,21710 29 Mile RD
$375,000
Est. payment /mo
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5 Beds
3 Baths
3,752 SqFt
Active

21710 29 Mile RD Ray, MI 48096

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2026
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Casey Matteson

Casey Matteson

Motus Real Estate

+1(248) 207-7906

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,752 sqft

Price per Sqft $99

MLS Listing ID 58050182366

Bedrooms 5

Full Baths 3

Year Built 1942

Lot Size 0.650 Acres

Acres 0.65

Property Sub-Type MultiFamily

Property 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. We will consider all reasonable offers. Huge lot would allow plenty of space for expansion. Tenant pays all utilities.

Location

State MI

County Macomb

Area Area03051Raytwp

Interior

Heating Forced Air, Natural Gas, Separate Meters

Cooling Central Air

Fireplace No

Exterior

Parking Features Assigned2Spaces

Fence Fenced

View Y/N No

Building

Foundation Slab

Sewer Septic Tank

Water Well

New Construction No

Schools

High Schools New Haven

School District Newhaven

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition ShortSaleNo, Standard

Virtual Tour https://tours.cozycornermedia.com/248694

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Ahmed Arafa of Century 21 Professionals

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Casey Matteson

Casey Matteson

Founder/Realtor | License ID: 6501383062

+1(248) 207-7906

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