$800,000
$1,050,000
23.8%For more information regarding the value of a property, please contact us for a free consultation.
12130 SCHAEFER Detroit, MI 48227
36 Beds
48 Baths
31,932 SqFt
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Sold
Purchase Type For Sale
Square Footage 31,932 sqft
Price per Sqft $25
Subdivision Monnier Hgts Thomas W Wards (Plats)
MLS Listing ID 20230087897
Sold Date 11/03/23
Style Common Entry Building
Bedrooms 36
Full Baths 48
Originating Board Realcomp II Ltd
Year Built 1965
Annual Tax Amount $23,878
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 300.00 x 125.00
Property Description
*Great Investment Opportunity* Here is a chance to build or expand your portfolio in the multi-family investment market. A total of 48 units, across three buildings, with a gated parking lot and laundry room. Access to public transportation and near to major freeways. The building is partially occupied with tons of great potential. Each tenant pays for electricity and has an a/c unit in their apartment; owner pays for water, gas and trash removal. Units/room sizes are estimated and should be verified by the buyer/buyer's agent. Proof of funds and/or pre-approval required prior to showing. An appointment is required, 24hrs to show. Do not approach tenants or request access to the building and/or units. Rent roll provided upon an accepted offer and verifiable funds. Seller will not entertain assignable interest, clause or contract. Buyer to cover all inspections. Cash offers to close within five days after satisfaction of due diligence stated in purchase agreement. Updates and repairs are needed. Price is AS-IS and less than most recent market value appraisal. Updates and repairs are both needed.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Multi-Family
Direction I-96 East to South on Schaefer Hwy
Rooms
Basement Partially Finished, Common
Interior
Interior Features Smoke Alarm, Cable Available, Circuit Breakers, Laundry Facility
Heating Baseboard
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 15.0
Roof Type Composition
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Common Entry Building
Level or Stories 2 Story
Structure Type Aluminum,Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W22I029769C80
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Trade/Exchange, Warranty Deed
Listing Terms Cash, Trade/Exchange, Warranty Deed
Financing Cash,Trade/Exchange,Warranty Deed
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Bought with E Milan Realty