11
See all 11 photos
$2,800,000
Est. payment /mo
44 Beds
40 Baths
28,406 SqFt
Active
8207 Schaefer Highway Detroit, MI 48228
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 28,406 sqft
Price per Sqft $98
Subdivision Mi
MLS Listing ID 50188314
Style 2 Story
Bedrooms 44
Full Baths 40
Year Built 1957
Annual Tax Amount $64,580
Lot Size 0.620 Acres
Acres 0.62
Lot Dimensions 27007
Property Sub-Type Multi-Family
Property Description
NO SELLER FINANCING! Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 90%. Property is at a 10%+ cap rate with add value. Nice curb appeal, high demand building near Dearborn. Two Boilers and roof updated, newer windows. Clean environmental report. Rear and side parking lot for tenants, with a security system. Property manager in place that is transferable. Ideal opportunity for cash buyer or bank financing.
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Boiler
Fireplace No
Building
Story 2 Story
Foundation Basement
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Private
SqFt Source Realist
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Paint Creek
NEARBY SCHOOL & BUSINESS
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