Vacant Multifamily
For Sale
Contact for pricing
16189 Schaefer Hwy, Detroit, MI 48235
Fully vacant 16-unit multifamily property offers renovation or build-to-suit potential.
Property SizeContact for details
Days on Market120
Property Features for 16189 Schaefer Hwy
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
16
Listing Agency:
Global Real Estate Advisors (GREA)
Listed By:
Cary Belovicz · License #MI 6502406329
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 4:39AM
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 Global Real Estate Advisors (GREA)
Investment Insights
Based on property information with market context.
This fully vacant multifamily property presents a full rehabilitation opportunity. The investor has the option to renovate the existing 16 units or pursue a build-to-suit approach.
Recent capital expenditures referenced include a brand new cement and metal catwalk for the second story and new concrete in the courtyard.
The property is configured as a 16-unit apartment building and is available as-is for an investor or builder looking to reposition the asset.
Recent capital expenditures referenced include a brand new cement and metal catwalk for the second story and new concrete in the courtyard.
The property is configured as a 16-unit apartment building and is available as-is for an investor or builder looking to reposition the asset.
Key Highlights
- Fully vacant 16‑unit multifamily property in Detroit, Michigan.
- Investor option to renovate the existing 16 units or build to suit.
- Recent capital expenditures include a brand new cement and metal catwalk for the second story.
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 48235, MI
45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully vacant 16-unit multifamily property offers renovation or build-to-suit potential.
Where is this apartment building located?
The property is located at 16189 Schaefer Hwy Detroit, MI.
What are key features of this property?
This property features: Fully vacant 16‑unit multifamily property in Detroit, Michigan.; Investor option to renovate the existing 16 units or build to suit.; Recent capital expenditures include a brand new cement and metal catwalk for the second story.
