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12048 Meyers Rd 2 Unit Apartment Building Offered at $82,011 CAD at a 17% Cap Rate Detroit, MI 48227



EXECUTIVE SUMMARY
Welcome to this charming home located at 12048 Meyers Road, where comfort meets functionality. This residence features an inviting exterior, accentuated by well-maintained landscaping that enhances its curb appeal. The front steps lead you to a welcoming porch, perfect for relaxing or greeting guests. Upon entering, you are greeted by spacious interiors adorned with beautiful hardwood floors, creating a warm atmosphere throughout. The kitchen is conveniently equipped with essential appliances, making it ideal for meal preparations. Natural light floods the area through the windows, ensuring a bright and airy ambiance. The bathroom features practical fixtures and a clean design, catering to both aesthetics and functionality. It provides a comfortable space to unwind at the end of the day, with a layout that promotes ease of use. The outdoor space complements this home perfectly, offering a grassy area for various activities or gardening pursuits. A well-structured ramp provides easy access, making the space inclusive for all. The backyard is a tranquil retreat where you can enjoy outdoor activities or simply soak up the sun. With its combination of comfort, accessibility, and inviting spaces, 12048 Meyers Road offers an excellent opportunity for potential homeowners, as well as a great opportunity for investors offering two separate units with each having their own private access. Lower and Upper Unit are tenant occupied. Lower Unit is rented out for $650/month and the Upper Unit is rented out for $695/month. Explore the possibilities this home has to offer and envision your future in a space that embraces both style and practicality.
PROPERTY FACTS
| Price | $82,011 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $41,006 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 17% | Building Size | 1,512 SF |
| Gross Rent Multiplier | 3.7 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1925 |
| Property Type | Multifamily | ||
| Zoning | R2 - Residential zoning district | ||
| Price | $82,011 CAD |
| Price Per Unit | $41,006 CAD |
| Sale Type | Investment |
| Cap Rate | 17% |
| Gross Rent Multiplier | 3.7 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,512 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | R2 - Residential zoning district |
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12048 Meyers Rd
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