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17365 Meyers Road, Detroit, MI 48235

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For Sale

$59,900

2 beds • 1 baths • 942 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $63.59
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 20251034125

Courtesy Of REMAX City Centre
17515 W Nine Mile Rd, Southfield, MI 48075
(313) 528-3002

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.06 Acres
  • Rooms
    Basement

Map and Directions

Directions to 17365 Meyers Road, Detroit, MI 48235

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.