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About the Listing 105209 - RC397234
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.
Listing Highlights
Status
Active
Days on Site
254
Property Type
Residential
MLS ®
60944071
Year Built
1951
Total Square Footage
1,565
Lot/Acreage
0.1
County
Wayne
Neighborhood
Plymouth-Monnier Heights
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Half
- Appliances: Freezer, Range/Oven, Refrigerator
- Air Cond: Window Unit(s)
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1565
- Below Ground Sq Ft: 400
- Basement: Partially Finished
- Other: Cable/Internet Avail.,DSL Available
- Water: Public Water
Exterior Details
- Garage Capacity: 1 car
- Lot Dimensions: 40X110
- Roof:
- Others: Fenced Yard
- Sewer:
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $1,063
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
9327 Schaefer Detroit, MI 48228
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