20250 Meyers Road, Detroit, Michigan 48235
$59,900
Property Details
- MLS#: 20261088265
- Bedrooms: 2
- Bathrooms: 1
- Square Feet: 704
- Price per Sqft: $85
- Lot Size: N/A
- Year Built: 1942
- Property Type: Residential
- Transaction: For Sale
- Listing Status: Active
Tax and Assessment Information
Tax and assessment information is unavailable.
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
This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 20250 Meyers Road?
20250 Meyers Road is listed at $59,900, or $85 per square foot.
How many bedrooms does 20250 Meyers Road have?
This property has 2 bedrooms and 1 bathrooms, with 704 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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