12769 Meyers RD, Detroit, MI 48227
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$ 275,000
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12769 Meyers RD Detroit, MI 48227

4 Baths

3,658 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 3,658 sqft

Subdivision John M Welchs Mayview Sub 2

MLS Listing ID 20261055120

Style Colonial

Full Baths 4

Year Built 1925

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type MultiFamily

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 Area05042Det6Tiregrnfldlivernois

Rooms

Basement Common, Private Storage Locker, Unfinished

Interior

Interior Features EntranceFoyer

Heating Forced Air, Natural Gas

Cooling Central Air, Separate Meters, Window Units

Fireplace No

Laundry InUnit

Exterior

Parking Features OnStreet

Fence Back Yard, Fenced

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Poured

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Size Limit, Yes


Realcomp MLS
Listed by Nicholas M Zeoli of Real Broker, LLC
Cyrus Wheeler

Cyrus Wheeler

Broker | License ID: 6501414673

+1(313) 482-7432

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12769 Meyers RD