For Sale
9242 Meyers Road, Detroit, MI 48228
$110,000
MLS # 20261035652 (Realcomp)
3 beds1 bath1,365 sqftBuilt 19250.1 acres
1 / 1
Listing Description
Turnkey investment opportunity in Detroit! 9242 Meyers Rd is a tenant-occupied 3-bedroom, 1-bath bungalow offering immediate cash flow and strong rental potential. Featuring a functional single-family layout with solid investment appeal, this property is ideal for investors looking to add a performing asset to their portfolio. Currently generating income with an estimated 13% cap rate, making this an excellent opportunity for both seasoned and new investors. Conveniently located near major roads, shopping, schools, and local amenities. Tenant occupied — please do not disturb tenant. Showings available with accepted offer or approved access only.
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,365 sq ft home built in 1925 sits in Mackenzie in Detroit.
Asking $110,000 (about $81/sq ft).
Property tax estimate: $2,471 per year ($206/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,365 sqft
Lot Size0.1 acres
Year Built1925
Stories2
Location
CityDetroit
Zip Code48228
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/17/2026
Terms AcceptedCash, Land Contract
Source: SparkMLS
Tax Information
Annual Tax$1,092
Tax Year2025
State Equalized Value$38,500
Assessed Value$38,500
Homestead (PRE)100%
Parcel #18018613.
Source: Public Records
Legal Description
E MEYERS 93 B E TAYLORS MIDDLEPOINT SUB L34 P67 PLATS, W C R 18/376 35 X 121.75
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Samar Taha
Sonic Realty LLC
Frequently Asked Questions about 9242 Meyers Road, Detroit, MI 48228
What school district is 9242 Meyers Road, Detroit, MI 48228 in?
Per MLS# 20261035652, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 9242 Meyers Road, Detroit, MI 48228?
Per MLS# 20261035652, the seller has indicated this property accepts the following financing types: Cash, Land Contract. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261035652, the most recent reported annual property tax for 9242 Meyers Road, Detroit, MI 48228 is $5,134. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 9242 Meyers Road, Detroit, MI 48228 eligible for USDA financing?
Per USDA Rural Development boundary data, 9242 Meyers Road, Detroit, MI 48228 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 9242 Meyers Road, Detroit, MI 48228 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$2,471
Monthly$206
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
$
Monthly payment$919
Principal & interest$713
Property taxes$206
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
9242 Meyers Road, Detroit, MI 48228
View full property history →
Neighborhood
Mackenzie
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 9242 Meyers Road
We'll notify you when something hits the market in Mackenzie or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.