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$ 199,000
Est. payment /mo
Price Dropped by $6K
8676 Schaefer Highway Detroit, MI 48228 2578
2 Baths
1,868 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,868 sqft
Price per Sqft $106
Subdivision Mi
MLS Listing ID 61034232
Style 1 1/2 Story
Full Baths 2
Year Built 1953
Annual Tax Amount $7,352
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 47X110
Property Sub-Type Multi-Family
Property Description
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. Please do not disturb tenants.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 1 1/2 Story
Foundation Basement
Water Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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