*Great Investment Opportunity* Here is a chance to build or expand your portfolio in the multi-family investment market. A total of 48 units, across three buildings, with a gated parking lot and laundry room. Access to public transportation and near to major freeways. The building is partially occupied with tons of great potential. Each tenant pays for electricity and has an a/c unit in their apartment; owner pays for water, gas and trash removal. Units/room sizes are estimated and should be verified by the buyer/buyer's agent. Proof of funds and/or pre-approval required prior to showing. An appointment is required, 24hrs to show. Do not approach tenants or request access to the building and/or units. Rent roll provided upon an accepted offer and verifiable funds. Seller will not entertain assignable interest, clause or contract. Buyer to cover all inspections. Cash offers to close within five days after satisfaction of due diligence stated in purchase agreement. Updates and repairs are needed. Price is AS-IS and less than most recent market value appraisal. Updates and repairs are both needed.
Sold for $800,000
$800,000
12130 Schaefer Hwy, Detroit, MI 48227
44beds
31,932sqft
Multi Family
Built in 1965
-- sqft lot
$972,400 Zestimate®
$25/sqft
$992 Estimated rent
Home value
$972,400
$797,000 - $1.19M
$992/mo
Zestimate® history
Owner options
List your home for rent
$992/mo
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$992/mo
Rent Zestimate®
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$5,493/mo
Est. payment
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$5,493/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Nichole M Jackson 888-773-1990,
E Milan Realty
Bought with:
Nichole M Jackson, 6502369567
E Milan Realty
Source: Realcomp II,MLS#: 20230087897
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 44
- Bathrooms: 48
- Full bathrooms: 48
Heating
- Baseboard, Natural Gas
Cooling
- Window Units
Appliances
- Laundry: Laundry Room
Features
- Basement: Common,Full,Partially Finished
- Has fireplace: No
Interior area
- Total interior livable area: 31,932 sqft
- Finished area above ground: 31,932
Property
Parking
- Total spaces: 15
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.86 Acres
- Dimensions: 300.00 x 125.00
Details
- Parcel number: W22I029769C80
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Common Entry Building
- Property subtype: Multi Family
Materials
- Aluminum Siding, Brick
- Foundation: Basement, Block, Drainage System
- Roof: Composition
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available
Community & neighborhood
Security
- Security features: Smoke Detectors
Location
- Region: Detroit
- Subdivision: MONNIER HGTS THOMAS W WARDS (PLATS)
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Trade 1031 Exchange,Warranty Deed
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2023 | Sold | $800,000-23.8%$25/sqft |
Source:  Realcomp II #20230087897 Report a problem | ||
| 10/21/2023 | Pending sale | $1,050,000$33/sqft |
Source: Realcomp II #20230087897 Report a problem | ||
| 10/14/2023 | Listed for sale | $1,050,000$33/sqft |
Source: Realcomp II #20230087897 Report a problem | ||
| 12/28/2022 | Listing removed | $1,050,000$33/sqft |
Source: Realcomp II #20221070306 Report a problem | ||
| 12/26/2022 | Listed for sale | $1,050,000$33/sqft |
Source: Realcomp II #20221070306 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Grand River
Nearby schools
GreatSchools rating
- 3/10Mackenzie Elementary-Middle SchoolGrades: PK-8Distance: 1.2 mi
- 3/10Cody High SchoolGrades: 9-12Distance: 2.4 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$972,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$972,400
- Michigan
- Wayne County
- Detroit
- 48227
- Grand River
- 12130 Schaefer Hwy
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Nearby neighborhoods
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