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About the Listing 16575 - 6501397844
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.
Listing Highlights
Status
Active
Days on Site
282
Property Type
Multi-Family
MLS ®
50188314
Year Built
1957
Total Square Footage
28,406
Lot/Acreage
0.62
County
Wayne
Neighborhood
Esper Gardens
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 44
- Bathrooms: 40 Full
- Appliances:
- Air Cond:
- Heating: Boiler
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 28406
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 27007
- Roof:
- Others:
- Sewer: Public Sanitary
Financial Details
- Tax Amount: $64,580
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
8207 Schaefer Detroit, MI 48228
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