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.
For sale
$215,000
9327 Schaefer Hwy, Detroit, MI 48228
4beds
1,965sqft
Single Family Residence
Built in 1951
4,356 Square Feet Lot
$211,800 Zestimate®
$109/sqft
$-- HOA
What's special
Partially finished basementFresh paintUpdated bungalowNew roofLaminate flooringUpdated kitchenStainless steel refrigerator
- 362 days
- 97
- 3
Zillow last checked:
Listing updated:
Listed by:
Patrice Henderson 248-780-2521,
Max Broock Realtors 248-851-4100
Source: Realcomp II,MLS#: 20251043800
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
- Area: 136
- Dimensions: 17 X 8
Bedroom
- Level: Entry
- Area: 99
- Dimensions: 11 X 9
Bedroom
- Level: Entry
- Area: 90
- Dimensions: 10 X 9
Bedroom
- Level: Second
- Area: 99
- Dimensions: 11 X 9
Other
- Level: Entry
- Area: 63
- Dimensions: 9 X 7
Other
- Level: Second
- Area: 40
- Dimensions: 8 X 5
Other
- Level: Basement
- Area: 30
- Dimensions: 6 X 5
Bonus room
- Level: Basement
- Area: 110
- Dimensions: 11 X 10
Dining room
- Level: Entry
- Area: 63
- Dimensions: 9 X 7
Kitchen
- Level: Entry
- Area: 81
- Dimensions: 9 X 9
Living room
- Level: Entry
- Area: 168
- Dimensions: 14 X 12
Heating
- Forced Air, Natural Gas
Cooling
- Window Units
Appliances
- Included: Free Standing Freezer, Free Standing Gas Oven, Free Standing Refrigerator, Gas Cooktop
Features
- Entrance Foyer, High Speed Internet, Programmable Thermostat
- Windows: Egress Windows
- Basement: Daylight,Full,Partially Finished
- Has fireplace: No
Interior area
- Total interior livable area: 1,965 sqft
- Finished area above ground: 1,565
- Finished area below ground: 400
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: One Car Garage, Detached, Driveway
- Garage spaces: 1
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Full Bath
Features
- Levels: One And One Half
- Stories: 1.5
- Entry location: GroundLevel
- Patio & porch: Breezeway, Covered
- Exterior features: Chimney Caps, Lighting
- Pool features: None
- Fencing: Back Yard,Fenced
Lot
- Size: 4,356 Square Feet
- Dimensions: 40 x 110
Details
- Parcel number: W22I031097C8
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Basement, Block, Drainage System
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1951
- Major remodel year: 2025
Utilities & green energy
- Electric: Volts 220, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available
Community & HOA
Community
- Security: Carbon Monoxide Detectors, Exterior Video Surveillance, Other, Smoke Detectors
- Subdivision: PLYMOUTH-MONNIER HEIGHTS
HOA
- Has HOA: No
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $12,036
- Annual tax amount: $1,062
- Date on market: 10/9/2025
- Cumulative days on market: 362 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan
- Exclusions: Exclusion(s) Do Not Exist
Estimated market value
$211,800
$201,000 - $222,000
$1,973/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Listing removed | $1,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2026 | Price change | $1,800-5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/7/2026 | Listed for rent | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/27/2025 | Price change | $215,000-6.5%$109/sqft |
Source: | ||
| 10/10/2025 | Listed for sale | $230,000$117/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $29,500 +27.7% |
| 2024 | -- | $23,100 +10.5% |
| 2023 | -- | $20,900 +33.1% |
| 2022 | -- | $15,700 +6.8% |
| 2021 | -- | $14,700 |
| 2020 | $1,410 +52.9% | $14,700 +30.1% |
| 2019 | $922 | $11,300 +0.9% |
| 2018 | $922 | $11,200 -8.2% |
| 2017 | -- | $12,200 +7% |
| 2016 | $847 | $11,400 |
| 2015 | $847 -33.9% | $11,400 -28.9% |
| 2013 | $1,282 +51.3% | $16,027 -30.2% |
| 2010 | $847 | $22,964 -12% |
| 2009 | -- | $26,096 -13.5% |
| 2008 | -- | $30,169 |
| 2007 | -- | $30,169 +5.5% |
| 2005 | $128 | $28,596 +3% |
| 2004 | -- | $27,763 |
Find assessor info on the county website
Monthly payment
Est. payment







