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Prime Realty I
20250 Meyers Rd, Detroit, MI 48235
- $59,900
- 2
- BD
- 1
- BA
- 704
- SqFt
- List Price
- $59,900
- MLS#
- 20261088265
- Status
- ACTIVE
- Bedrooms
- 2
- Bathrooms
- 1
- Total Square Footage
- 704
- Subdivision
- BLACKSTONE PARK 6 PAGE 9 1 & 92
Property 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.
Additional Information
- Year Built
- 1942
- Basement Type
- Unfinished
- Foundation
- Basement, Block
- Acres
- 0.08
- Lot Dimensions
- 30X109.99
- Style
- Ranch, Townhouse
- Acres
- 0.08
- School District
- Detroit
- Heating
- ENERGY STAR Qualified Equipment, Forced Air, Natural Gas
- Garage Description
- Driveway, None
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Courtesy of National Realty Centers, Inc 2484681444
IDX provided courtesy of Realcomp II Ltd., via Prime Realty I and . Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.