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12769 Meyers Road

Detroit MI 48227

4
3658 sq. ft.
0.19 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

4 bathrooms
3658 sq. ft. floor area
0.19 ac. lot size
Multi-Family

Property history for 12769 Meyers Road

2025
Sold
$232,650
25 Apr 2025 by Renae Palmer, of Real Estate Management Specialists Inc
2022
Sold
$191,000
18 May 2022 by Joseph Hammel, of Keller Williams Somerset

Happy sellers in Detroit

85%
85% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 47 multi families similar to 12769 Meyers Road, have been sold.

This represents a 6% decrease in multi families sales when compared to the previous 12 months.

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