$215,000 for Sale
9327 schaefer highway,
detroit,
MI
48228
| Beds 4 | Baths 3 | 1,565 Sqft | 0.10 Acres |
|
1 of 44 |
Property Description
Turnkey investment opportunity with immediate income. This updated bungalow is currently leased at $1,800 per month under a one-year lease to a business tenant that has expressed interest in a longer-term tenancy, offering investors immediate cash flow with potential for continued occupancy. The property features extensive updates, including a new roof, laminate flooring, fresh paint, an expanded upper level for additional living space, and an updated kitchen complete with a stainless steel refrigerator and gas range. The partially finished basement adds additional functional space, enhancing overall usability and appeal. Major mechanical updates help reduce near-term capital expense concerns, including the furnace and hot water heater already in place, making this an attractive low-maintenance addition to a buy-and-hold portfolio. Conveniently located just minutes from the Aviation Subdivision, Eastborn Market, gas stations, I-96, and everyday amenities, this location supports strong ongoing rental appeal. A compelling opportunity for investors seeking a stabilized, income-producing asset with immediate returns and long-term upside. Measurements are approximate. Be sure to view the video tour and smart floor plan. Showings only upon accepted offer.
General Information
Sale Price: $215,000
Price/SqFt: $137
Status: Active
MLS#: 60944071
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: plymouth-monnier heights
Acres: 0.1
Lot Dimen: 40X110
Bedrooms:4
Bathrooms:3 (2 full, 1 half)
House Size: 1,565 sq.ft.
Acreage: 0.1 est.
Year Built: 1951
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 17x8
Bedroom 2: 11x9
Bedroom 3: 10x9
Bedroom 4: 11x9
Family Room:
Greatroom:
Dining Room: 9x7
Kitchen: 9x9
Livingroom: 14x12
Pole Buildings:
Paved Road: Paved Street
Garage: 1
Garage Description: Detached Garage
Exterior: Brick
Exterior Misc: Fenced Yard
Basement: Yes
Basement Description: Partially Finished
Foundation: Basement
Appliances: Freezer,Range/Oven,Refrigerator
Cooling: Window Unit(s)
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $955
Est. Winter Taxes: $108
HOA fees:
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Listing By: Patrice Henderson of Max Broock Realtors, Phone: 248-851-4100
