Property profile

20258 Schaefer Hwy 23 Detroit, MI 48235

OFF-MARKET
Garden apartment buildings
Property ID
US43-0600873
687 SF 0.05 ac lot Built 1947
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1947
Total area 687 SF
Lot 0.05 ac (2,004 SF)
APN 22030340.024
UPID US43-0600873

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20258 Schaefer Hwy, Unit 23 Detroit, MI 48235-1549
Detroit metro Census 539200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2025
Last sale
$75,000
7 recorded transactions
2025
$47,500
2024
$13,521
2023
$75,000
2023
$39,400
2022
Price N/A
2017
$5,000
2004
$9,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 20258 Schaefer Hwy, Unit 23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message