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16555 SCHAEFER HWY Detroit, MI 48235 5212
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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 46,940 sqft
Price per Sqft $25
Subdivision Mi
MLS Listing ID 40140361
Sold Date 07/29/21
Style 2 Story
Full Baths 22
Half Baths 2
Year Built 1962
Annual Tax Amount $13,696
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 200.00X90.00
Property Description
**Great Investment Opportunity ** Here is your chance to break into the Multi-family investment market. This 22 unit apartment building is 95% occupied with tons of long term tenants. Each tenant pays for all of their own utilities except for water, and has an a/c unit in their apartment. Rent Rolls, and leases provided upon an accepted offer. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Don't miss the chance to add this great property to your portfolio. **EMD to be held by Downtown Realty, No Exceptions **Please allow 24hrs to show!**
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Wall/Window A/C
Exterior
Exterior Feature Brick
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $1,600
Energy Description Natural Gas
Acceptable Financing Other
Listing Terms Other
Financing Cash,Conventional
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Bought with LPS
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