9327 Schaefer Hwy, Detroit, MI 48228
- $215,000
- 4
- BD
- 3
- BA
- 1,965
- SqFt
- List Price
- $215,000
- MLS#
- 20251043800
- Status
- ACTIVE
- Bedrooms
- 4
- Bathrooms
- 3
- Half-baths
- 1
- Total Square Footage
- 1,965
- Subdivision
- PLYMOUTH-MONNIER HEIGHTS
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
- Year Built
- 1951
- Basement Type
- Daylight, Full, Partial
- Foundation
- Basement, Block, Drainage System
- Acres
- 0.10
- Style
- Bungalow
- Acres
- 0.10
- School District
- Detroit
- Interior Features
- Entrance Foyer, High Speed Internet, Programmable Thermostat
- Appliances
- Freezer, Gas Oven, Refrigerator, Gas Cooktop
- Cooling
- Window/Wall
- Heating
- Forced Air, Natural Gas
- Exterior Features
- Chimney Cap(s), Lighting
- Garage Spaces
- 1
- Garage Description
- 1 Car, Detached, Driveway
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Courtesy of Max Broock Realtors 2488514100