20250 Meyers RD, Detroit, MI 48235
20250 Meyers RD, Detroit, MI 48235
20250 Meyers RD, Detroit, MI 48235
20250 Meyers RD, Detroit, MI 48235
20250 Meyers RD, Detroit, MI 48235
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$ 59,900
Est. payment | /mo

2 Beds

1 Bath

704 SqFt


Save
$ 59,900
Est. payment | /mo
Save

2 Beds

1 Bath

704 SqFt

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 704 sqft

Price per Sqft $85

Subdivision Blackstone Park 6 Page 9 1 & 92

MLS Listing ID 20261088265

Style Ranch,Townhouse

Bedrooms 2

Full Baths 1

Year Built 1942

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type SingleFamilyResidence

Property Description

Investor opportunity in Detroit! This tenant-occupied, 2-bedroom, 1-bath brick residence, representing one side of a duplex, offers an opportunity to expand your investment portfolio with an existing income-producing property. Currently generating $950 in monthly rental income, the property produces $11,400 in annual gross rent. With an asking price of $59,900, the current rental income represents a 19.03% gross annual rental yield before operating expenses.

The residence features hardwood flooring, a functional kitchen with ample cabinetry and counter space, and a full basement offering additional storage and usable space. Conveniently situated near 8 Mile Road, major freeways, shopping, and neighborhood amenities, the property offers accessibility within an established Detroit neighborhood.

Whether you're an experienced investor seeking to expand your rental portfolio or purchasing your first income-producing property, this offering presents an opportunity to acquire an established rental investment at an accessible price point.

Location

State MI

County Wayne

Area Area05041Det68Grflddequindre

Rooms

Basement Unfinished

Entry Level, 10 X 10 DiningRoom

Entry Level, 15 X 12 LivingRoom

Entry Level, 9 X 5 BathFull

Entry Level, 12 X 11 PrimaryBedroom

Entry Level, 10 X 9 Kitchen

Entry Level, 11 X 11 Bedroom

Interior

Heating E N E R G Y S T A R Qualified Furnace Equipment, Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features Driveway, NoGarage

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard

Realcomp MLS
Listed by Timika Burley of National Realty Centers, Inc

Nearby Locations

Michael Broadwell

+1(248) 219-5161

broadwell@realmilife.com

8840 Dwyer Rd, Howell, Michigan 48855, USA

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