9327 Schaefer HighwayDetroit, MI 48228

About

This Home

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.

Details

Property Type

Residential

Style

Single Family Residence

Year Built

1951

Lot Size

0.1 acres

Garage Spaces

1

Heating

Forced Air, Natural Gas

Cooling

Window Unit(s)

Basement

Walk-Out Access, Daylight, Full, Partially Finished

Annual Taxes

$1,063

MLS #

20251043800

Gallery