21710 29 Mile Road Ray, MI $ 375,000
21710 29 Mile Road
$ 375,000
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21710 29 Mile Road

Ray, MI, 48096
$ 375,000
Bedrooms5 Baths3.0 Sq 3,752

Monthly Estimate*

$ 2,340

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Multi-Family Home for sale in Ray, MI

for $375,000 with 5 bedrooms and 3 full baths. This 3,752 square foot home was built in 1942 on a lot size of 0.65.

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.

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Multi-Family Active

Price

$ 375,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,853

Style

Lot Size

0.65

Year Built

1942

Town/City

Ray

County/Region

Macomb

MLS | Web ID

50182366

Features
General
Heating Forced Air
Cooling Central A/C
Possession Close Plus 6-15 Days
Water Private Well
Appliances Dryer Freezer Range/Oven Refrigerator Washer
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1942
Parking 3 or More Spaces
Subdivision None MI
Water Heater Gas
County Macomb
Township Ray Township
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Ray Twp
Electric 220 Volts
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ray Twp (50005)
Primary City Ray
Location Corner Lot
Virtual Tour https://tours.cozycornermedia.com/idx/248694
City Ray
School District New Haven Community Schools
Financial Terms Cash Conventional Land Contract
Legal Description T4N R13E SEC 22 BEG AT A PT 544 FT S89*44'W OF NE COR SEC 22; TH S89*44'W 194 FT; TH S33*30'E 265 FT; TH N89*32'E 63 FT TH N3*56'E 221.9 FT TO PT OF BEG 0.65 A.
DOM 122
Postal Code 48096
Price Per Sq Ft Total AG 99.95
Public Remarks Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs
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Exterior
Exterior Amenities Fenced Yard
Flood Plan None
Lot Size Area 0.65
Lot Dimensions 144x187x27x223
Well/Septic Inspection Done Yes
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Beds 5
Fireplace? No
Total Number of Units 3
Fuel Type Natural Gas
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* Excluded Features
List By
Ahmed Arafa

Listing Agent

Century 21 Professionals

Broker

ahmed@c21aaanorth.com

Email

Affordability Calculator

$2,494
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,340
Monthly Property Taxes
$154
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
759908 Elementary School
759929 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2025$375,000 -7.41% Price Down
7/21/2025$405,000 Listed Price

Map


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21710 29 Mile Road, Ray, MI, 48096 is a Multi-Family Home for sale at $375,000 with 3,752 sqft and a lot size of 0.65. 21710 29 Mile Road has 5 bedrooms, 3.0 baths, and was built in 1942. The property's zip code is 48096 which is in Ray, MI