8259 Schaefer Hiwy, Detroit

$749,000

0 Beds
20 Baths
13,870 Sqft
.47 Acres
0 Garages

EXCELLENT 20 UNIT INCOME PRODUCING TURN-KEY PROPERTY. START MAKING MONEY THE MINUTE YOU CLOSE. MOST TENANTS HAVE BEEN IN THE UNITS ON AVERAGE OF 3-5 YEARS. NEWER WINDOWS, GUTTERS, HEATING, PLUMBING AND ELECTRICAL. TAXES HAVE BEEN APPEALED AND ARE VERY REASONABLE. NOWHERE ELSE CAN YOU PAY LESS THAN $38,000 PER DOOR AND PRODUCE $695 (ON AVERAGE) IN RENTAL INCOME PER MONTH (MULTIPLIED BY 20 DOORS OR UNITS). THIS BUILDING IS A NO-BRAINER FOR ANY INVESTOR LOOKING TO COLLECT THAT STEADY CASH FLOW MONTH OVER MONTH.

Essential Information
MLS® #219124048
Price$749,000
Bathrooms20.00
Full Baths20
Square Footage13,870
Acres0.47
Year Built1956
TypeMultifamily
Sub-TypeCommon Entry Building
StatusActive
Community Information
Address8259 Schaefer Hiwy
SubdivisionESPER GARDENS (PLATS)
CityDetroit
CountyWayne
StateMI
Zip Code48228
Area

05042-Det 6-Tire - Grnfld - Livernois

Amenities
ParkingOn Street, Paved
Interior
HeatingBaseboard
Exterior
ExteriorBrick
FoundationBasement
School Information
DistrictDetroit
Additional Information
ZoningMulti-Family
Listing Details
OfficeRE/MAX Team 2000
LISTING MAP

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