12039-12041 Schaefer Highway

Detroit, MI 48227
Square Ft.
952
$154,900
Great investment opportunity! Side-by-side duplex conveniently located near I-96 and Grand River Avenue. Each unit features its own private front and back entrances with private basement. Both units are occupied by long-term tenants, providing an established rental opportunity. Both units received new furnaces in 2024, and the hot water heater… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of Prospect Realty Group, (248) 417-1396
Listing Snapshot
Days Online
16
Last Updated
Property Type
Multifamily
Square Ft.
952
Lot Size
0.06 Acres
Year Built
1948
MLS Number
20261078480

Source: Home Junction

30 Days Snapshot Of 48227
$78k
+16%
(avg) sold price
22
-26%
homes sold
118
+37%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Interior Entry, Unfinished, Private, Basement?: 1
Building
2 total units, 2 leased units, 2 two-bedroom units, Built in 1948, Architectural style: Brownstone, Brick, 952 total square feet, 952 combined square feet, 900 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.06, Lot size dimensions: 27X90
Miscellaneous
Gross scheduled income: $24,600, Income projection: Projected, Monthly rental income: $2,050, Net operating income: $15,000
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $8, Tax amount (winter): $1
Sewer
Sewer (Sewer-Sanitary)
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Monthly Payment
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Future Davis
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