12769 Meyers Road, Detroit, MI 48227 3988
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ILink Real Estate Co

ILink Real Estate Co

+1(419) 277-7127
$ 275,000
Est. payment /mo
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12769 Meyers Road Detroit, MI 48227 3988

4 Baths

3,658 SqFt

UPDATED:

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Broker, LLC
Nearby Locations
ILink Real Estate Co

ILink Real Estate Co

License ID: 2014002630

+1(419) 277-7127

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12769 Meyers Road