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+15868545396
Community Choice Realty
12769 Meyers Road, Detroit, MI 48227 3988
- $275,000
- 4
- BA
- 3,658
- SqFt
- List Price
- $275,000
- Status
- ACTIVE
- MLS#
- 61012160
- Days on Market
- 87
- Style
- Colonial
- Year Built
- 1925
- Bathrooms
- 4
- Acres
- 0.19
- Living Area
- 3,658
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- John M Welchs Mayview Sub 2
Property Description
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.
Additional Information
- Lot Dimensions
- 70 x 115
- Heating
- Forced Air
- Cooling
- Central Air, Window Unit(s)
- Basement
- Yes
- Basement Description
- Common, Poured
- Appliances
- Gas Water Heater
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
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Listing Courtesy of Real Broker, LLC, Office Phone: 855-450-0442
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.