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About the Listing 366847 - 397234
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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Half
- Appliances: Free-Standing Freezer, Free-Standing Gas Oven, Free-Standing Refrigerator, Gas Cooktop
- Air Cond: Window Unit(s)
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1565
- Below Ground Sq Ft: 700
- Basement: Daylight,Partially Finished
- Other: Smoke Alarm,220 Volts,Cable Available,Carbon Monoxide Alarm(s),Circuit Breakers,Egress Window(s),Entrance Foyer,High Spd Internet Avail,Programmable Thermostat,Furnished - No,Exterior Video Surveillance,1 1/2 Story,Ground Level,Forced Air,1 Car
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: 1 car
- Lot Dimensions: 40X110
- Roof: Asphalt
- Others: Chimney Cap(s),Lighting,Fenced,Brick,Paved
- Sewer: Sewer (Sewer-Sanitary)
- Parking Features: Detached,Driveway
Financial Details
- Tax Amount: $1,063
- Taxes w/Assessments: N/A
- Tax/Property ID: W22I031097C8
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
9327 Schaefer Hwy Detroit, MI 48228
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