8207 Schaefer Highway, Detroit, Michigan 48228

$2,800,000

Property Details

MLS#: 58050188314
Bedrooms: 44
Bathrooms: 44
Square Feet: 28,406
Price per Sqft: $99
Lot Size: 0.62 acres
Year Built: 1957
Property Type: ResidentialIncome
Status: Active
Days on Market: 280

Description

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

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 8207 Schaefer Highway?

8207 Schaefer Highway is listed at $2,800,000, or $99 per square foot.

How many bedrooms does 8207 Schaefer Highway have?

This property has 44 bedrooms and 44 bathrooms, with 28,406 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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