8207 Schaefer Highway

Detroit MI 48228

28406 sq. ft.

0.62 ac.

Multi-Family

Currently for sale - view listing

Overview

Renovated 40-unit brick apartment complex (four 2-story connected buildings with10 units in each building) with 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27, 007 sf site. Leases negotiable upside increase to market rents, includes some Section 8, stabilized NOI $170, 403, current occupancy 80%. Nice curb appeal high demand building near Dearborn. Two Boilers and roof updated, environmental clear, rear parking lot for tenants, security system. Property manager in place keep or self-manage. Ideal opportunity for cash buyer or bank financing.