8207 Schaefer Hwy Detroit, MI 48228
Property Features for 8207 Schaefer Hwy
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.62 Acres
Building Details
- Year built
- 1957
Source:
Elliman
Listing Agency: KW Central Listing Agent: Justin Zehel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated 40-Unit Apartment Complex
This is a renovated 40-unit brick apartment complex, consisting of four connected two-story buildings, each containing 10 units. The unit mix includes thirty-six 1-bedroom, 1-bathroom units and four 2-bedroom, 1-bathroom units. The property is situated on a 27,007 square foot site. The current occupancy rate is 80%. The property features updated boilers and roof, and has been environmentally cleared. A rear parking lot is available for tenants, and a security system is in place. The property is located near Dearborn and presents an ideal opportunity for a cash buyer or bank financing. A property manager is currently in place, offering the option to retain their services or self-manage. This complex can be purchased as part of a package deal with three other apartment complexes.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1776485
- Latitude
- 42.3540669
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated 40-unit apartment complex near Dearborn, Detroit.
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 in high-demand location near Dearborn.; - Features a mix of 1-bed and 2-bed units with 80% current occupancy.; - Updated boilers and roof.
