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: N/A
- Year Built: 1951
- Property Type: Residential
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 354
Tax and Assessment Information
Tax and assessment information is unavailable.
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.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
Similar Homes for Sale in Detroit
- 13910 Grandmont Avenue, Detroit — $215,000 · 3bd · 1ba · 2,864sqft
- 3783 Tyler Street, Detroit — $215,000 · 3ba · 2,500sqft
- 2638 Cortland Street, Detroit — $215,000 · 2ba · 2,750sqft
- 18435 Sorrento Street, Detroit — $215,000 · 3bd · 1ba · 1,544sqft
- 373 Marlborough Street, Detroit — $215,000 · 4bd · 1ba · 1,468sqft
- 216 Holbrook Street, Detroit — $215,000 · 4bd · 2ba · 1,896sqft
- 1000 Marston Street, Detroit — $215,000 · 1bd · 1ba · 3,625sqft
- 16570 Princeton, Detroit — $215,000 · 5bd · 1ba · 2,200sqft