9327 Schaefer Highway, Detroit, MI 48228

$215,000
4
BD
3
BA
1,965
SqFt

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List Price
$215,000
Price Change
▼ $15,000 1761609396
Days on Market
350
MLS#
20251043800
Status
ACTIVE
Type
Single Family Residential
Bedrooms
4
Bathrooms
3
Full-baths
2
Half-baths
1
Living Area
1,965

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.

Additional Information

Taxes
$1,062
Acres
0.10
Appliances
Freezer, Oven, Refrigerator
Basement
Daylight, Partial
Garage
Yes
Heating
Forced Air
Roofing
Asphalt
School District
Detroit
Sewer
Public Sewer
Stories
2
Style
Bungalow
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Patrice Henderson from Listing Office: Max Broock Realtors.

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