8207 Schaefer Hwy - Apartments FOR SALE


Detroit, MI 48228- Mackenzie
$2,800,000 USD
248-979-3466
8207 Schaefer Hwy, Detroit, MI for Sale
$2,800,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

8207 Schaefer Hwy
Detroit, MI 48228
Mackenzie


OVERVIEW

Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. 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. Can be sold as a package with 3 other apartment complexes!

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

40

PRICE/UNIT

$70,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schaefer Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

Multi-family

APN/PARCEL ID

22-03120-719

ASK ABOUT THIS PROPERTY

Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

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Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.