8207 Schaefer Highway, Detroit, MI 48228
- $2,800,000
- 40
- BA
- List Price
- $2,800,000
- Price Change
- ▲ $200,000 1781909208
- Days on Market
- 321
- MLS#
- 50188314
- Status
- ACTIVE
- Type
- Multifamily
- Bathrooms
- 40
Property Description
NO SELLER FINANCING! Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 90%. Property is at a 10%+ cap rate with add value. Nice curb appeal, high demand building near Dearborn. Two Boilers and roof updated, newer windows. Clean environmental report. Rear and side parking lot for tenants, with a security system. Property manager in place that is transferable. Ideal opportunity for cash buyer or bank financing.
/u.realgeeks.media/homesjavier/Capture.png)
Additional Information
- Acres
- 0.62
Mortgage Calculator
Listing courtesy of Listing Agent: Justin Zehel from Listing Office: Keller Williams Paint Creek.
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .