MI > Wayne > Detroit > 16555 Schaefer Hwy

$1,350,000

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  • 22 Units
  • 46,940 SqFt
  • MLS# 2210005161
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248-304-6700

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**Great Investment Opportunity ** Here is your chance to break into the Multi-family investment market. This 22 unit apartment building is 95% occupied with tons of long term tenants. Each tenant pays for all of their own utilities except for water, and has an a/c unit in their apartment. Rent Rolls, and leases provided upon an accepted offer. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Don't miss the chance to add this great property to your portfolio. **EMD to be held by Downtown Realty, No Exceptions **Please allow 24hrs to show!**

Property Information

Status
Active 
Address
16555 Schaefer Hwy 
City
Detroit 
Zip
48235 
Year Built
1962 
Style
Other 
Possession
Negotiable 
Architecture
2 Story 
Listing Date
01/25/2021 
Subdivision
College Grove Sub (plats) 
County
Wayne 
Above Grade SqFt
46,940 
Total No of Units
22 

School Information

School District
Detroit 

Taxes

Summer Taxes
$12,421 
Winter Taxes
$1,275 

Rooms and Land

Lot Dimensions
200.00X90.00 
Total Acres
0.41 

Features

Style
Other 
Exterior Features
Fenced 
Basement
Private 
Cooling
Wall Unit(s) 
Heating
Forced Air, Natural Gas 

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  • Market Statistics
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
2210005161 Active Jan 25 2021 1:07PM $1,350,000 42
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MIRC Logo

Listing Courtesy of Downtown Realty
Office Address 500 Griswold Ste 2420

Real Estate One Family of Companies

16555 Schaefer Hwy Detroit
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$1,350,000
For Sale • No. of Units: 22