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8676 Schaefer Highway

Detroit MI 48228

2
1868 sq. ft.
0.12 ac.
Multi-Family
Currently for sale - view listing

Overview

Income producing renovated duplex with immediate cash flow! This 2 unit property features two 2-bedroom units, both currently leased at $1,300/month for a total of $2,600 in monthly rental income. One unit is occupied by a Section 8 tenant with a lease through November 2026, while the other is occupied by a cash-paying tenant with a lease through January 2027. Property features include a new electrical panel, updated interiors, and convenient rear parking. A great opportunity for an investor looking to add a tenant occupied, income producing multifamily property to their portfolio. Schedule your showings today! Tenant occupied. No showings prior to accepted offer. Please do not disturb tenants.

Features

2 bathrooms
1868 sq. ft. floor area
0.12 ac. lot size
Multi-Family

Property history for 8676 Schaefer Highway

2024
Sold
$140,000
04 Dec 2024 by Andrea Johnson, of Powell Real Estate
2022
Sold
$60,000
15 Jul 2022 by Ricqwain Johnson, of Reach Realty Group

Happy sellers in Detroit

95%
95% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 12 multi families similar to 8676 Schaefer Highway, have been sold.

This represents a 30% increase in multi families sales when compared to the previous 12 months.

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