Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Schmidt Realtors
Property view
Listing view 2
Listing view 3

21710 29 Mile, 
Ray, MI 48096

$405,000


5

Beds


3

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Ahmed Arafa

Ahmed Arafa

Century 21 Professionals

Century 21 Professionals Macomb

586-731-8180

Last updated:

June 13, 2025, 10:08 AM

MLS#

50172267

Source:

MI REALSOURCE

About This Home

21710 29 Mile

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.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1942

Price Summary

405,000

MLS #:

50172267

Last Updated:

June 13, 2025, 10:08 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Year Built:

1942


Lot

Lot Size (Sq. Ft):

28,314


Finances & Disclosures

Finances

Price:

$405,000

Source:MI REALSOURCE
The information being provided by MiRealSource, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 MiRealSource, Inc. All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.