For Sale
8207 Schaefer Highway, Detroit, MI 48228
$2,800,000
40 bathsBuilt 19570.62 acres
1 / 11
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.
Price & Status History
Sep 12, 2025MLS #50188314
Listed for sale
$2,800,000
MLS Listing History1 listing
| Status | List Price | Sale Price | Listed | Sold | Board | |
|---|---|---|---|---|---|---|
| For Sale | $2,800,000 | — | Sep 12, 2025 | — | MiReal | View → |
Tax & Assessment
Parcel Number22031207-19
Property Details
Property TypeMulti FamilyBathrooms40Lot Size0.62 acresYear Built1957CityDetroitMunicipalityDetroit CityZip Code48228Terms AcceptedCash
Listed by Justin Zehel
Keller Williams Paint Creek