12769 Meyers Rd Detroit, MI 48227
Grand River-I96 NeighborhoodEstimated payment $1,868/month
About This Home
Turnkey 4-unit investment opportunity in Detroit, 3 of 4 units currently occupied. All four units are identical 2-bedroom/1-bath layouts — two leased at $1,000/month, one at $950/month, and the fourth in the process of being leased at $1,000/month and set to be occupied prior to closing, bringing total gross rent to $3,950/month ($47,400/year). All tenants pay cash and have a consistent on-time payment history, with low turnover across the building. Major capital items have been addressed, including a newer furnace, roof, windows, and hot water tank, and the vacant unit has been freshly painted with new carpet and is move-in ready. A private, fenced backyard and separate utilities per unit round out this stabilized, cash-flowing addition to any rental portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1925 | Remodeled in 2026
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 70x115
- Back Yard Fenced
Home Design
- Brick Exterior Construction
- Poured Concrete
- Asphalt Roof
Interior Spaces
- 4 Full Bathrooms
- 3,658 Sq Ft Home
- Entrance Foyer
- Laundry in unit
- Basement
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number W22I020551C2
Community Details
Overview
- 4 Units
- John M Welchs Mayview Sub 2 Subdivision
Pet Policy
- Pets Allowed
- Pet Size Limit
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,782 | $41,400 | $0 | $0 |
| 2024 | $2,751 | $33,200 | $0 | $0 |
| 2023 | $2,319 | $27,000 | $0 | $0 |
| 2022 | $732 | $23,800 | $0 | $0 |
| 2021 | $716 | $17,200 | $0 | $0 |
| 2020 | $715 | $15,100 | $0 | $0 |
| 2019 | $707 | $15,100 | $0 | $0 |
| 2018 | $736 | $17,900 | $0 | $0 |
| 2017 | $96 | $21,200 | $0 | $0 |
| 2016 | $785 | $5,900 | $0 | $0 |
| 2015 | $590 | $5,900 | $0 | $0 |
| 2013 | $736 | $7,362 | $0 | $0 |
| 2010 | -- | $10,548 | $1,282 | $9,266 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/16/2026 07/16/26 | For Sale | $275,000 | +18.2% | $75 / Sq Ft | |
| 04/25/2025 04/25/25 | Sold | $232,650 | -10.5% | $64 / Sq Ft | View Prior Sale |
| 12/18/2024 12/18/24 | Pending | -- | -- | -- | |
| 09/23/2024 09/23/24 | For Sale | $260,000 | +28.1% | $71 / Sq Ft | |
| 06/23/2023 06/23/23 | Sold | $203,000 | -3.3% | $55 / Sq Ft | View Prior Sale |
| 04/19/2023 04/19/23 | Pending | -- | -- | -- | |
| 03/23/2023 03/23/23 | For Sale | $209,900 | +9.9% | $57 / Sq Ft | |
| 05/18/2022 05/18/22 | Sold | $191,000 | -2.1% | $52 / Sq Ft | View Prior Sale |
| 05/04/2022 05/04/22 | Pending | -- | -- | -- | |
| 04/21/2022 04/21/22 | For Sale | $195,000 | -- | $53 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $232,650 | Embassy Title Agency | |
| Warranty Deed | $203,000 | None Listed On Document | |
| Warranty Deed | $191,000 | None Listed On Document | |
| Warranty Deed | $100,000 | Excel Title Agency Llc | |
| Quit Claim Deed | $52,000 | Excel Title Agency Llc | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Corporate Deed | $60,000 | Title Source Inc | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $197,752 | New Conventional | |
| Previous Owner | $152,250 | New Conventional |
Source: Realcomp
MLS Number: 20261055120
APN: 22-0205512
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Ask me questions while you tour the home.