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$ 59,900
Est. payment /mo
New
20250 Meyers Road Detroit, MI 48235 1184
2 Beds
1 Bath
704 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
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 61043551
Style 1 Story
Bedrooms 2
Full Baths 1
Abv Grd Liv Area 704
Year Built 1942
Annual Tax Amount $1,671
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30X109.99
Property Sub-Type Single Family
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 Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Exterior
Garage No
Building
Story 1 Story
Foundation Basement
Water Public Water
Architectural Style Ranch, Townhouse
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by National Realty Centers, Inc
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