Residential Income in Detroit

$199,000

8676 Schaefer, 48228, Detroit, MI

Residential Income for sale in Detroit, 8676 Schaefer, 48228, 2786 m²

8676 Schaefer, 48228, Detroit, MI

$199,000

2Bath
2786m²
Type: Residential Income

Description

Income producing renovated duplex with immediate cash flow! This 2 unit property features two 2-bedroom units, both currently leased at $1, 300/month for a total of $2, 600 in monthly rental income. One unit is occupied by a Section 8 tenant with a lease through November 2026, while the other is occupied by a cash-paying tenant with a lease through January 2027. Property features include a new electrical panel, updated interiors, and convenient rear parking. A great opportunity for an investor looking to add a tenant occupied, income producing multifamily property to their portfolio. Schedule your showings today! Tenant occupied. Please do not disturb tenants.

Agent Information

Location

8676 Schaefer, 48228, Detroit, MI

Data

Object TypeResidential Income
Purchase Price$199,000
Living Space2786 m²
Plot Size485.62 m²
Bathrooms2
Construction Year1953
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction Year1953
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent