9327 Schaefer Highway

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Source: MiRealSource

Originating MLS: MiRealSource

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RC397234

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.

Property Information

Property Details

Location

Address

9327 Schaefer Highway

County

Wayne

City

Detroit

Zip Code

48228 2518

Subdivision

Plymouth-Monnier Heights

School District

Detroit City School District

MLS Area

Detroit (82001)

Listing provided by Max Broock Realtors, (248) 851-4100

Interior Features

Beds and Baths

Bedrooms

Full Bathrooms

Half Bathrooms

Building

Building Information

Square Feet

1,965

Year Built

1951

Stories

Construction

Brick

Foundation

Basement

Financial

Special Conditions

Standard

Property Taxes

Tax Annual Amount

$1,063

9327 Schaefer Highway, Detroit, MI 48228 2518

Market Report for 48228 2518