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4 Beds
3 Baths
1,965 sqft

$215,000

9327 Schaefer Highway, Detroit City Wayne Michigan, 48228

Price per sqft$109.41
Built in1951
Property size1,965 sqft
Property typeResidential

Overview

Active

Listed Oct 9, 2025

Updated 4 weeks ago

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.

$1,430/mo

Est. mortgage payment based on a $215,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20251043800

Interior Features

Bedrooms
4
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$1,063
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

 

Courtesy of Max Broock Realtors

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Originating MLS:
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Data last updated 6:05 AM UTC, 9/10/2026

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