12769 Meyers RoadDetroit, MI 48227

About

This Home

Turnkey 4-unit investment opportunity in Detroit, 3 of 4 units currently occupied. All four units are identical 2-bedroom/1-bath layouts — two leased at $1,000/month, one at $950/month, and the fourth in the process of being leased at $1,000/month and set to be occupied prior to closing, bringing total gross rent to $3,950/month ($47,400/year). All tenants pay cash and have a consistent on-time payment history, with low turnover across the building. Major capital items have been addressed, including a newer furnace, roof, windows, and hot water tank, and the vacant unit has been freshly painted with new carpet and is move-in ready. A private, fenced backyard and separate utilities per unit round out this stabilized, cash-flowing addition to any rental portfolio.

Details

Property Type

Residential Income

Style

Multi Family

Year Built

1925

Lot Size

0.19 acres

Garage Spaces

0

Heating

Forced Air, Natural Gas

Cooling

Central Air, Separate Meters, Window Unit(s)

Basement

Unfinished

Annual Taxes

$4,492

MLS #

20261055120