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8207 Schaefer, Detroit, MI 48228

Detroit
Local realty services provided by:CENTURY 21 Realty North
8207 Schaefer,Detroit, MI 48228
$2,800,000
  • 44 Beds
  • 40 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin zehel
Office: keller williams paint creek
MLS#:50188314
Source:MI_REALSOURCE

Price summary

  • Price:$2,800,000

About this home

NO SELLER FINANCING! 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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Home facts

  • Year built:1957
  • Subdivision & Development:Esper Gardens
  • Listing ID #:50188314
  • Added:321 day(s) ago
  • Updated:July 29, 2026 at 10:47 AM

Rooms and interior

  • Bedrooms:44
  • Total bathrooms:40
  • Full bathrooms:40

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Year built:1957
  • Lot area:0.62 Acres
  • Foundation Description:Basement
  • Levels:2 Story

Utilities

  • Water:Public Water
  • Sewer:Public Sanitary

Finances and disclosures

  • Price:$2,800,000
  • Tax amount:$64,580
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