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$2,800,000
282 Days On Site
8207 Schaefer HighwayDetroit City, MI 48228
For Sale|Multi Family|Active
44
Beds
40
Total Baths
40
Full Baths
28,406
SqFt
$99
/SqFt
1957
Built
Subdivision:
ESPER GARDENS
County:
Wayne
Call Now: 810-360-3488
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810-360-3488
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Monthly Payment (Est.)
$12,775Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.
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 90%. Property is at a 10%+ cap rate with add value. Nice curb appeal, high demand building near Dearborn. Two Boilers and roof updated, newer windows. Clean environmental report. Rear and side parking lot for tenants, with a security system. Property manager in place that is transferable. Ideal opportunity for cash buyer or bank financing.
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Listing Snapshot
Price
$2,800,000
Days On Site
282 Days
Bedrooms
44
Inside Area (SqFt)
28,406 sqft
Total Baths
40
Full Baths
40
Partial Baths
N/A
Lot Size
0.62 Acres
Year Built
1957
MLS® Number
58050188314
Status
Active
Property Tax
$64,580
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
| 3 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Price changed to $2,800,000 | |
| 3 months ago | Status changed to Active | |
| 9 months ago | Listing first seen on site |
General Features
Acres
0.62
Disclosures
Taxes Not Homestead Exempt
Levels
Two
Property Sub Type
Multi Family
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
28406
Water Source
Public
Interior Features
Heating
Natural GasSeparate MetersSteam
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Community Features
Financing Terms Available
Cash
MLS Area
Area05042Det6TireGrnfldLivernois
School District
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Paint Creek: (248) 979-3466
IDX provided courtesy of Realcomp II Ltd. via MiRealSource. Copyright © 2026 Realcomp II Ltd. Shareholders.
IDX information is provided exclusively for 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.
IDX provided courtesy of Realcomp II Ltd. via MiRealSource. Copyright © 2026 Realcomp II Ltd. Shareholders.
IDX information is provided exclusively for 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.
Neighborhood & Commute
Source: Walkscore
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