9327 Schaefer Highway, Detroit, Michigan 48228

$215,000

Property Details

MLS#: 20251043800
Bedrooms: 4
Bathrooms: 2.5
Square Feet: 1,965
Price per Sqft: $109
Lot Size: 0.1 acres
Year Built: 1951
Property Type: Residential
Status: Active
Days on Market: 238

Market Analysis

Estimated Value (CMA): $90,390
Area Avg Price/Sqft: $46
This Property: $109/sqft ($63 above area average)
Price Position: +137.0% vs comparable homes
Comparable Properties Analyzed: 1

Description

Turnkey investment opportunity with immediate income. This updated bungalow is currently leased at $1,800 per month under a one-year lease to a business tenant that has expressed interest in a longer-term tenancy, offering investors immediate cash flow with potential for continued occupancy. The property features extensive updates, including a new roof, laminate flooring, fresh paint, an expanded upper level for additional living space, and an updated kitchen complete with a stainless steel refrigerator and gas range. The partially finished basement adds additional functional space, enhancing overall usability and appeal. Major mechanical updates help reduce near-term capital expense concerns, including the furnace and hot water heater already in place, making this an attractive low-maintenance addition to a buy-and-hold portfolio. Conveniently located just minutes from the Aviation Subdivision, Eastborn Market, gas stations, I-96, and everyday amenities, this location supports strong ongoing rental appeal. A compelling opportunity for investors seeking a stabilized, income-producing asset with immediate returns and long-term upside. Measurements are approximate. Be sure to view the video tour and smart floor plan. Showings only upon accepted offer.

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 9327 Schaefer Highway?

9327 Schaefer Highway is listed at $215,000, or $109 per square foot.

How many bedrooms does 9327 Schaefer Highway have?

This property has 4 bedrooms and 2.5 bathrooms, with 1,965 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

Similar Homes for Sale in Detroit

1724 Campau Farms Circle, Detroit — $215,000 · 2bd · 1ba · 1,218sqft
4408 Pennsylvania Street, Detroit — $215,000 · 3bd · 2ba · 1,409sqft
12624 Charest Street, Detroit — $215,000 · 3bd · 1ba · 1,008sqft
3027 Northwestern Street, Detroit — $215,000 · 5bd · 2ba · 1,920sqft
4621 Junction Street, Detroit — $215,000 · 5bd · 2ba · 1,694sqft
3438 MCCLELLAN Street, Detroit — $215,000 · 5bd · 2ba · 2,878sqft
16629 Baylis Street, Detroit — $215,000 · 3bd · 1ba · 1,974sqft
17183 Washburn Street, Detroit — $215,000 · 3bd · 2ba · 1,914sqft