21710 29 Mile Rd, Ray Twp, MI

Industrial for Sale - $425,000


Agent Info

John Bolos
CENTURY 21 Professionals

Property Info

CIMLS#1162647
Location
  21710 29 Mile Rd
  Ray Twp MI 48096
UpdatedDecember 3rd, 2024
TypeIndustrial
Price$425,000

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. Will consider all reasonable offers!


Financials



Similar Listings