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$ 59,900
Est. payment /mo
New
17365 Meyers Road Detroit, MI 48235
2 Beds
1 Bath
942 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 942 sqft
Price per Sqft $63
MLS Listing ID 20251034125
Bedrooms 2
Full Baths 1
Year Built 1948
Annual Tax Amount $3,165
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 27X100
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Cash flow from DAY ONE with this 2-bedroom, 1-bathroom half-duplex in Northwest Detroit. You'll inherit a stable, long-term tenant of 6+ years, making this the ultimate "set it and forget it" investment property with immediate income potential. This property eliminates the major maintenance headaches that scare away new investors. Extensively updated in 2019 with newer windows, furnace, hot water heater, electrical panel, fresh paint, plus an updated kitchen and bathroom, you're buying into systems that work. While the property could benefit from new flooring and minor cosmetic updates, these are optional improvements that can be tackled over time or factored into future rent increases. Location is everything in real estate, and this property delivers. Situated directly across from a brand new $30 million, 105-unit affordable senior living community nearing completion, you're investing in a neighborhood with serious institutional backing. Add in the fact the property is within a 5-minute walk of the Northwest Activity Center - a vibrant community hub offering activities for all ages - and you have the makings of a stable, desirable area. Whether you're a first-time investor seeking low-maintenance, cash-positive properties or a seasoned investor expanding your portfolio with a proven performer, this property delivers immediate cash flow, growth potential, and peace of mind. With a reliable tenant, recent major system upgrades, and a neighborhood on the rise, don't let this rare combination of stability and upside slip away.
Location
State MI
County Wayne
Area Wayne County - 100
Direction North of W McNichols Rd
Interior
Heating Forced Air
Exterior
Exterior Feature Fenced Back
View Y/N No
Garage No
Building
Story 2
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I020147S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by RE/MAX City Centre