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Schaefer Manor Apartments 8207 Schaefer Hwy 40 Unit Apartment Building $3,829,560 CAD ($95,739 CAD/Unit) Detroit, MI 48228
Executive Summary
Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 80%. Nice curb appeal high demand building near Dearborn. Two Boilers and roof updated, environmental clear, rear parking lot for tenants, security system. Property manager in place keep or self-manage. Ideal opportunity for cash buyer or bank financing. Can be sold as a package with 3 other apartment complexes!
Property Facts
| Price | $3,829,560 CAD | Building Class | C |
| Price Per Unit | $95,739 CAD | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 35,726 SF |
| No. Units | 40 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1957 |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-family | ||
| Price | $3,829,560 CAD |
| Price Per Unit | $95,739 CAD |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 35,726 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | Multi-family |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 600 |
| 2+1 | 4 | - | 800 |
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-03120-719 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,206,585 CAD |
Property Taxes
Parcel Number
22-03120-719
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,206,585 CAD
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Schaefer Manor Apartments | 8207 Schaefer Hwy
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