For Sale

Listed by Nicholas Zeoli and Mohamad Kahala from Real Broker LLC

Source: Multiple Listing Service MiRealSource #61012160

12769 Meyers Road, Detroit, MI, 48227

$275,000

4
3658 sq. ft.
0.19 ac.

MultiFam

1 day on the market

What's around 12769 Meyers Road

About this property

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.

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