MI > Wayne > Detroit > 18625 Schoenherr

$750,000

Reduced ($50,000) on 05/15/2025

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  • 8 Units
  • 5,054 SqFt
  • MLS# 50170399
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248-304-6700

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248-208-3883

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Investor Special! Exceptional investment opportunity with strong, stabilized rents with a 15% cap rate. This package deal includes an 8-unit apartment building and a 12-unit apartment complex, totaling 20 units. o 8-Unit Complex: Features updated windows and newer HVAC systems. o 12-Unit Complex: Equipped with newer HVAC systems. o All Units: 1-bedroom, 1-bathroom layouts in good condition. o Heating: No boilers--each unit has a forced-air furnace. Ideal for first-time investors! Rent rolls and expense reports are available upon request. Serious buyers only. Other address included is 14103 Rochelle St, Detroit, MI 48205.

Property Information

Status
Active 
Address
18625 Schoenherr 
City
Detroit 
Zip
48205 
Year Built
1965 
Listing Date
04/03/2025 
List Price
$750,000
Subdivision
Schoenherrs Home Sub 
County
Wayne 
Above Grade SqFt
5,054 
Total No of Units

School Information

School District
Detroit 

Taxes

Taxes
$5,637 
Summer Taxes
$5,037 
Winter Taxes
$600 

Rooms and Land

Lot Dimensions
65x124x65x124 
Total Acres
0.19 

Features

Heating
Forced Air 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
50170399 May 15 2025 6:51PM $750,000 $800,000 47
50170399 Active Apr 3 2025 1:52PM $800,000 47
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

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Keller Williams Paint Creek
(248) 609-8000
Office Address 440 S Main Street
Originating MLS: MiRealSource
Source MLS: MiRealSource

18625 Schoenherr Detroit
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$750,000
For Sale • No. of Units: 8