NEW! Buy and sell safely with virtual options - Learn More
About the Listing 387480 - 380269
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.
Listing Highlights for 20250 Meyers Rd
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: ENERGY STAR® Qualified Furnace Equipment,Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 704
- Below Ground Sq Ft: 704
- Basement: Unfinished
- Other: 1 Story,Ground Level w/Steps,ENERGY STAR® Qualified Furnace Equipment,Forced Air,No Garage
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30X109.99
- Roof:
- Others: Brick,Paved
- Sewer: Sewer (Sewer-Sanitary)
- Parking Features: Driveway
Financial Details
- Tax Amount: $1,671
- Taxes w/Assessments: N/A
- Tax/Property ID: W16I046370S
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
20250 Meyers Rd Detroit, MI 48235
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
