$5,047
closing credit¹
21710 29 Mile Rd Ray, MI 48096
Property details
About 21710 29 Mile Rd
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.
Highlights
Summary
- MLS Number: 50157925
- MLS Name: MiRealSource
- Office Name: Century 21 AAA North-Macomb
- Office Phone: (586) 677-8888
- Office Email: chrs_hndrx@yahoo.com
- Listing Agent: John Bolos
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 11:21:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$425,000
21710 29 Mile Rd
$5,047
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $165,100 | $1,971 |
| 2023 | $147,600 | $1,874 |
| 2022 | $138,500 | $1,821 |
| 2021 | $140,100 | $1,681 |
| 2020 | $80,300 | $1,681 |
| 2019 | $161,400 | $1,963 |
| 2017 | $100,200 | $1,963 |
History based on county public records data.
Nearby schools
8
Hevel Elementary School
Public District KG-5
5.2 mi
•12700 29 Mile Rd
7
Richard J. Duncan Elementary School
Public District PK-6
5.3 mi
•14500 26 Mile Rd
7
Beck Centennial Elementary School
Public District PK-6
5.7 mi
•54600 Hayes Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $72,688. The majority of Ray, MI residents have income between $35k-100k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
This home is located at 21710 29 Mile Rd in Ray, MI and zip code 48096. This 3,752 square foot home, which was built in 1942, sits on a 0.65 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $425,000.
In December 2024, from all listings sold in Ray, MI there were more than 1 sold above asking price, over 3 sold below and more than 1 were sold right at the asked price. In December 2024 in Ray, MI there were 8.3% less homes for sale than in November. In December 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $400,000.