9327 Schaefer Highway, Detroit, MI 48228
9327 Schaefer Highway, Detroit, MI 48228
9327 Schaefer Highway, Detroit, MI 48228
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$215,000
Est. payment /mo
4 Beds
3 Baths
1,565 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,565 sqft

Price per Sqft $137

MLS Listing ID 20251043800

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 1951

Annual Tax Amount $1,062

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 40X110

Property Sub-Type Single Family Residence

Source Realcomp

Property 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

State MI

County Wayne

Direction S of W Chicago/ Schaefer Hwy

Rooms

Basement Daylight, Partial

Interior

Interior Features Basement Partially Finished

Heating Forced Air

Cooling Window Unit(s)

Appliance Refrigerator, Oven, Freezer

Exterior

Exterior Feature Fenced Back

Parking Features Detached

Garage Spaces 1.0

View Y/N No

Roof Type Asphalt

Garage Yes

Building

Story 2

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W22I031097C8

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://youtu.be/869e-B8KwGY

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Listed by Max Broock Realtors

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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