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About the Listing 103903 - RC380269
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
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 704
- Basement: Unfinished
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30X109.99
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $1,671
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
20250 Meyers Detroit, MI 48235
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