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    20501 Schaefer Highway

    Detroit, MI 48235
    • $929,900
    • STATUS: Active
    • ON SITE: 198 days
    • ID#: 2210015058
    UPDATED: 207 min ago
    $929,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,520
      SQFT
    • $81
      $/SQFT
    Type:
    Commercial
    Built:
    1966
    County:
    Zoning:
    Multi-Family
    Lot Size Dimensions:
    100X125

    School Ratings & Info

    School District:

    Description

    Great investment opportunity! This city-certified building is 93% occupied and made up of 16 one bedroom/ one bathroom apartments. A full gut renovation of the interior units include: new windows and doors, carpet, appliances, countertops. The exterior was improved with a new roof coating, parking lot and full fencing, new fire alarm system, camera system and burglar alarm system. Desirable location with easy access to nearby expressways!

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    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Robert E Smith Realty | Hall and Hunter are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-26T23:58:57.923.
    www.robertesmithrealty.com/homes/115033702
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    20501 Schaefer Highway Detroit, MI 48235

    • Price: $929,900
    • Status: Active
    • Updated: 207 min ago
    • ID#: 2210015058
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,520
    SQFT
    $81
    $/SQFT
    1966
    Built
    Neighborhood:
    Det - 6 To 8, Grnfld To Limits
    County:
    Wayne
    Area:
    Det - 6 To 8, Grnfld To Limits
    School District:
    DETROIT
    Property Description
    Great investment opportunity! This city-certified building is 93% occupied and made up of 16 one bedroom/ one bathroom apartments. A full gut renovation of the interior units include: new windows and doors, carpet, appliances, countertops. The exterior was improved with a new roof coating, parking lot and full fencing, new fire alarm system, camera system and burglar alarm system. Desirable location with easy access to nearby expressways!
    Exterior Features

    Architecture Level 3 Story Construction Materials Brick Foundation Details Slab Foundation Materials Poured Lot Size Dimensions 100X125 Road Frontage Feet 40 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

    Interior Features

    Heating Cooling Central Air Heating Fuel Natural Gas Room Count 0 Unit Efficiency Number Of 0 Unit One Bed Number Of 16 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

    Property Features

    Business Type Residential Commercial Type Apartments Current Use Multi Family Apartments Encroachment YN No Exclusions YN No Gross Scheduled Income 100262.00 Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventionalWarranty Deed Monthly Sales 8355 Net Operating Income 49472.00 Operating Expense 50810.00 Ownership Status Private OwnedShort Sale - No Percent Leased 93 Possession At Close Postal City Detroit Protection Period 90 Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 6470.0000 Tax Amount Winter 764.0000 Title Private - Owned Total Tax 7234.0000 Unparsed Address 20501 Schaefer Hiwy Water Source Municipal Water Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via @Properties Detroit and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Robert E Smith Realty | Hall and Hunter are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-26T23:58:57.923.
     
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