$59,900 for Sale
17365 meyers, detroit, MI 48235
Beds 2 | Baths 1 | 942 Sqft | 0.06 Acres |
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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.
General Information
Sale Price: $59,900
Price/SqFt: $64
Status: Active
MLS#: rcomi60934452
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: college park manor
Acres: 0.06
Lot Dimensions: 27X100
Bedrooms:2
Bathrooms:1 (1 full, 0 half)
House Size: 942 sq.ft.
Acreage: 0.06 est.
Year Built: 1948
Property Type: Single Family
Style:
Features & Room Sizes
Bedroom 1: 17x13
Bedroom 2 : 11x11
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room: 9x12
Kitchen: 7x12
Livingroom: 13x14
Pole Buildings:
Paved Road: Paved Street
Garage: No Garage
Exterior: Brick
Exterior Misc: Fenced Yard
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public At Street
Watersource: Public Water at Street
Tax, Fees & Legal
Est. Summer Taxes: $1,434
Est. Winter Taxes: $1,731
HOA fees:

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Listing By: Gentraia Brown of RE/MAX City Centre, Phone: 313-528-3002