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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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12769 Meyers Rd , Detroit, MI 48227
$275,000
Est. Payment: $611.11/mo
0 Bed
4 Bath
0 Sqft
Status: Active | Days on site: 63
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431497 - 399249
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House 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.

Highlights

Listed by Nicholas M Zeoli , 248-860-3268 Real Broker, LLC , 855-450-0442.

Property Type

Multi-Family

Lot/Acreage
0.19

HOA Fee

Year Built

1925

County

Wayne

School District

Detroit

Listing ID

20261055120

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Central Air,Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Principal Interest
$611
Taxes
$374
HOA
$0

Home Price

$275,000

Loan Details

30 yrs
%

Down Payment

20%
$55,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$611.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $611.11 $374.33 $0.00 $985.44
Yearly $7,333.33 $4,492.00 $0.00 $11,825.33
Total $220,000.00 $134,760.00 $0.00 $354,760.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.