Renovated 40-Unit Apartment
8207 Schaefer Hwy Detroit, MI 48228
For Sale
$2,800,000
Renovated apartment complex near Dearborn with high demand.
Lot Size0.62 Acres
Days on Market243
Property Features for 8207 Schaefer Hwy
General Information
Standard status
Active
Lot size
0.62 Acres
Property subtype
Investment
Building Details
Year Built
1957
Listing Agency:
Keller Williams Paint Creek
(248) 979-3466
Listed By:
Justin Zehel · License #6501397844
(248) 979-3466
Source:
Elliman
Added: Nov 28, 2025
Changed: Jul 6
Last Checked: Jul 28 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Paint Creek
Investment Insights
Based on property information with market context.
This is a renovated 40-unit brick apartment complex, consisting of four connected two-story buildings, each containing 10 units. The unit mix includes 36 one-bedroom, one-bathroom units and 4 two-bedroom, one-bathroom units, situated on a 27,007 square foot site. The property currently has an 80% occupancy rate and features updated boilers and roof. An environmental assessment has been completed. The property includes a rear parking lot for tenants and a security system. A property manager is currently in place, offering the option for continued management or self-management. The complex is located near Dearborn and presents an opportunity for cash buyers or bank financing. The property can be sold as a package with three other apartment complexes.
Key Highlights
- Renovated 40‑unit brick apartment complex.
- High demand building near Dearborn.
- Updated boilers and roof.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartment complex near Dearborn with high demand.
Where is this apartment building located?
The property is located at 8207 Schaefer Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Renovated 40‑unit brick apartment complex.; High demand building near Dearborn.; Updated boilers and roof.
