15401 Meyers Rd Detroit, MI 48227
Call to check price and availability
15-Unit Apartment Complex, Excellent ROI
Property Features for 15401 Meyers Rd
General Information
- Property type
- Multifamily properties
- Lot Size
- 45,738 SF
Building Details
- Year Built/Renovated
- 1996/2021
- Stories
- 2
- Units
- 15
Listing Agency: Thomas Duke Company Listing Agent: Eric Szerlag
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 15-unit apartment complex, located at 15401-15487 Meyers Rd, Detroit, MI 48227, presents a compelling investment opportunity. The property, built in 1996 and extensively renovated in 2021, sits on a 1.05-acre lot and is zoned R2. The complex comprises 14 duplex units and one freestanding townhome, all featuring attached single-car garages. Recent upgrades include new flooring, garage doors, and countertops, enhancing both aesthetics and functionality. All units are currently occupied, with tenants responsible for all utilities, contributing to strong cash flow. The property's 15 units are priced at $92,667 per unit, totaling an asking price of $1,390,000. The two-story building offers significant potential for increased net operating income (NOI) under new ownership due to below-market rents. This well-maintained property, with its attractive townhome style and desirable amenities, represents a solid investment in a growing Detroit market. The Wayne County location and convenient address provide easy access to local amenities and transportation. The APN is 22-020347. This is a turnkey opportunity for an investor seeking immediate returns and long-term appreciation.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1698418
- Latitude
- 42.4041662
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 15-Unit Apartment Complex, Excellent ROI
Where is this multifamily property located?
The property is located at 15401 Meyers Rd Detroit, MI.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 15-unit townhome-style apartment complex in Detroit, MI.; Below-market rents offer significant NOI growth potential.; Each unit includes a single-car attached garage.
