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    18514 Schaefer Hwy Detroit, MI 48235

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    For Sale
    $205,000

    Duplex with convenient location, renovated units, and investment potential.

    Lot size:
    0.06 Acres

    Property Features for 18514 Schaefer Hwy

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1948

    Source: 24/7 Realty Services LLC Agent April A Griffin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    All-Brick Duplex Investment Opportunity

    This all-brick duplex presents an investment opportunity with access to commuter routes, shopping, and grocery stores. Its location near the Lodge Freeway, Southfield Freeway, and I-96 provides connectivity. The duplex includes 4 bedrooms and 2 full bathrooms in total. Each unit features 2 bedrooms, 1 bathroom, and private side-by-side entry. Renovations enhance the appeal and functionality. One unit is vacant, while the other is tenant-occupied. This property is move-in ready.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1799598
    Latitude
    42.4273824

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    FAQs

    What type of property is this?
    Duplex - Duplex with convenient location, renovated units, and investment potential.
    Where is this duplex located?
    The property is located at 18514 Schaefer Hwy Detroit, MI.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: - All-brick duplex offering an investment opportunity.; - Convenient access to Lodge Freeway, Southfield Freeway, and I-96.; - Features 4 bedrooms and 2 full bathrooms in total (2 bedrooms and 1 bathroom per unit).
    (313) 855-8015
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    18514 Schaefer Hwy Detroit, MI 48235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18514 Schaefer Hwy Detroit, MI 48235
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