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12130 SCHAEFER Detroit, MI 48227 3486
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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 31,932 sqft
Price per Sqft $25
Subdivision Mi
MLS Listing ID 60263782
Sold Date 11/03/23
Style 2 Story
Full Baths 48
Year Built 1965
Annual Tax Amount $23,878
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 300.00 x 125.00
Property Description
*Great Investment Opportunity* Here is a chance to build or expand your portfolio in the multi-family investment market. A total of 48 units, across three buildings, with a gated parking lot and laundry room. Access to public transportation and near to major freeways. The building is partially occupied with tons of great potential. Each tenant pays for electricity and has an a/c unit in their apartment; owner pays for water, gas and trash removal. Units/room sizes are estimated and should be verified by the buyer/buyer's agent. Proof of funds and/or pre-approval required prior to showing. An appointment is required, 24hrs to show. Do not approach tenants or request access to the building and/or units. Rent roll provided upon an accepted offer and verifiable funds. Seller will not entertain assignable interest, clause or contract. Buyer to cover all inspections. Cash offers to close within five days after satisfaction of due diligence stated in purchase agreement. Updates and repairs are needed. Price is AS-IS and less than most recent market value appraisal. Updates and repairs are both needed.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block, Common, Partially Finished
Interior
Interior Features Cable/Internet Avail.
Heating Baseboard
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Aluminum, Brick
Amenities Available Laundry Facility
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Aluminum,Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $100
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Exchange/Trade
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Bought with LPS