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$2,800,000
44 Beds
40 Baths40 full baths
28,406sqft
8207 Schaefer Hwy, Detroit, MI 48228
$2,800,000
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Multi Family
Built in 1957
$-- HOA
27,007.2 sqft lot
$99/sq.ft
Description
NO SELLER FINANCING! 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.
- Houzeo last checked: 51 minutes ago
- Listing updated: August 4, 2026 at 4:13 pm
- Listing Provided by: Justin Zehel | Keller Williams Paint Creek (248) 609-8000
- Source: Realcomp MLS-MI | MLS#: 58050188314
- Originating MLS: MiRealSource
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
28,406 sqft
Lot Size
27,007.2 sqft lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
58050188314
MLS Status
Active
Days on Market
326
Cumulative Days on Market
326
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
§ 442‑H New York Standard Operating Procedure.
New York State Fair Housing Notice.
