$275,000
Est. payment /mo
4 Baths
3,658 SqFt
Active
12769 Meyers Road Detroit, MI 48227 3988
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,658 sqft
Price per Sqft $75
Subdivision Mi
MLS Listing ID 61012160
Style 2 Story
Full Baths 4
Year Built 1925
Annual Tax Amount $4,492
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 70X115
Property Sub-Type Multi-Family
Property Description
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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Common, Poured
Interior
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Broker, LLC
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