Century 21 AAA North-Macomb
Ahmed Arafa, Century 21 AAA North-MacombPhone: (586) 215-1208
Email: [email protected]
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listing
1 of 37
Multifamily
$445,000
21710 29 Mile
Ray, MI 48096
Courtesy of Century 21 Aaa North-Macomb
MLS: East Central AOR
5Beds
3Baths
3,752Sq Ft
Est. Mortgage
$2,397/mo

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. Tennant pays all utilities.

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