Detroit, MI 48227 3486,12130 SCHAEFER
Detroit, MI 48227 3486,12130 SCHAEFER
Detroit, MI 48227 3486,12130 SCHAEFER
6
$800,000
$1,050,000
23.8%
Est.Price: ?

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48 BA
31,932 SqFt

12130 SCHAEFER Detroit, MI 48227 3486

Est. payment /mo
SOLD DATE : 11/03/2023

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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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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by E Milan Realty
Bought with LPS

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Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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