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

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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
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
  • Listing ID: 38059207

  • Date on Market: 2025-10-13

  • Last Updated:

  • Address: 12048 Meyers Rd, Detroit, MI 48227

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