21710 29 Mile, Ray, MI

Others for Sale - $405,000 - 0.65 acres


Agent Info

Ahmed Arafa
CENTURY 21 Professionals

Property Info

CIMLS#1162647
Location
  21710 29 Mile
  Ray MI 48096
UpdatedJune 3rd, 2025
TypeOthers
Price$405,000
Land0.65 acres

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


Financials



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