MLS # 58050102677, Listed by Keller Williams Paint Creek|(248) 609-80008207 Schaefer is a $2,000,000, 28,406 square foot, 40.0 bath home on a 0.62 acre lot located in Detroit, MI.
Renovated 40-unit brick apartment complex (four 2-story connected buildings with10 units in each building) with 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Leases negotiable upside increase to market rents, includes some Section 8, stabilized NOI $170,403, current occupancy 80%. Nice curb appeal high demand building near Dearborn. Two Boilers and roof updated, environmental clear, rear parking lot for tenants, security system. Property manager in place keep or self-manage. Ideal opportunity for cash buyer or bank financing.
| Above Grade Sqft | 28,406 |
| Basement | Basement |
| Heating Types | Forced Air Separate Meters |
| Construction Types | Basement |
| Property Type | Income |
| Style Characteristics | 2 Story |
| Year Built | 1957 |
| Association Fee | $0.00 |
| Taxes | $11,680.00 |
| County | wayne |
| School District | detroit |
| Neighborhood | Esper Gardens |
Provided through IDX through Realcomp II Ltd via eXp Realty and . Copyright 2023 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated 11/30/2023 at 06:52pm CST.
