44
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$405,000
Est. payment /mo
3 Baths
0.65 Acres Lot
Active
21710 29 Mile Road MI
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 50172267
Year Built 1942
Lot Size 0.650 Acres
Acres 0.65
Lot Dimensions 144x187x27x223
Source MiRealSource
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 wi
Location
State MI
County Macomb
Area Macomb County - 50
Direction S
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Lot Description Corner Lot
Others
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Listed by Century 21 Professionals Macomb