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8259 Schaefer Highway
Detroit, MI 48228

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Property Details


List Price: $749,000
Beds: --
Baths: 20
Status: Active
SqFt: 13870
Agency: 2000 REAL ESTATE LLC

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Description/Comments


Lot Size: --
Property Type: MultiFamily
Year Built: 1956
Notes: 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 $725 (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.


Listing Provided By: 2000 REAL ESTATE LLC, original listing
Office Phone: (313) 561-0900
Agent Name: Alex H Saad


Local Real Estate Expert

Real Estate Expert Photo for Lisa Graham
Lisa Graham
RCA REALTY INC
Direct: (317) 938-4927

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