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9242 Meyers Road

Detroit MI 48228

3
1
1
2229 sq. ft.
0.1 ac.
Single-Family
Currently for sale - view listing

Overview

Turnkey investment opportunity in Detroit! 9242 Meyers Rd is a tenant-occupied 3-bedroom, 1-bath bungalow offering immediate cash flow and strong rental potential. Featuring a functional single-family layout with solid investment appeal, this property is ideal for investors looking to add a performing asset to their portfolio. Currently generating income with an estimated 13% cap rate, making this an excellent opportunity for both seasoned and new investors. Conveniently located near major roads, shopping, schools, and local amenities. Tenant occupied - please do not disturb tenant. Showings available with accepted offer or approved access only.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
2229 sq. ft. floor area
0.1 ac. lot size
Single-Family

Property history for 9242 Meyers Road

2024
Sold
$35,000
17 Jul 2024 by James Simmons, of O'Connor Realty Detroit, LLC

Happy sellers in Detroit

98%
98% 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 7 reviews in Detroit over the last 12 months.

Local market activity for 3 bedroom single-family properties in Detroit

In the last 12 months, 355 three-bedroom single-family properties similar to 9242 Meyers Road, have been sold.

This represents a 13% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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