On Market

16222 Schaefer Hwy

Detroit, MI 48235, USA

List price

$550,000

5+ unit multi-family

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Story

Off Market 10 Unit - Mid Renovation Detroit, MI 48235

**Interior Renovation — Every Unit, Every System**

This 10-unit multifamily property has undergone some renovation.

Unit Features:

- All 1-bedroom layouts

- Approximately 650 sq ft per unit

- New kitchens in every unit

- New bathrooms in every unit

Requires exterior and common area finishing.

Income Potential:

With 10 one-bedroom units and Detroit's ongoing need for quality affordable housing, this property offers immediate cash flow potential upon receipt of the certificate of occupancy.

Potential exit strategy: Veteran housing model @ $1,200 per unit.

**Contact for showing.**

​**The property requires remaining scope of work/punch list to be completed to pass city Certificate of Occupancy inspection. Property will be delivered vacant.​**​

Viewing by appt.

Plainview Haven

Property details

2 details the seller has shared

2 details

Property

· The bones — what the buyer sees first

Property type

5+ unit multi-family

History & terms

· Past sales, updates, and deal mechanics

Reason for sale

Other

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