Detroit, MI 48235,16555 SCHAEFER HWY
$1,200,000
$1,345,000
10.8%
Est.Price: ?

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22 BD
23 BA
46,940 SqFt

16555 SCHAEFER HWY Detroit, MI 48235

Est. payment /mo
SOLD DATE : 07/29/2021

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Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 46,940 sqft

Price per Sqft $25

Subdivision College Grove Sub (Plats)

MLS Listing ID 2210005161

Sold Date 07/29/21

Style Other

Bedrooms 22

Full Baths 22

Half Baths 2

Originating Board Realcomp II Ltd

Year Built 1962

Annual Tax Amount $13,696

Lot Size 0.410 Acres

Acres 0.41

Lot Dimensions 200.00X90.00

Property Description

**Great Investment Opportunity ** Here is your chance to break into the Multi-family investment market. This 22 unit apartment building is 95% occupied with tons of long term tenants. Each tenant pays for all of their own utilities except for water, and has an a/c unit in their apartment. Rent Rolls, and leases provided upon an accepted offer. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Don't miss the chance to add this great property to your portfolio. **EMD to be held by Downtown Realty, No Exceptions **Please allow 24hrs to show!**

Location

State MI

County Wayne

Area Det 6-Tire - Grnfld - Livernois

Zoning Multi-Family

Direction North of Puritan West of Schaefer

Rooms

Basement Private

Interior

Heating Forced Air

Cooling Wall Unit(s)

Heat Source Natural Gas

Exterior

Exterior Feature Fenced

Pool No

Roof Type Asphalt

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Other

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed No

Tax ID W22I030691C700

Ownership Short Sale - No,Private Owned

Assessment Amount $1,600

Acceptable Financing Cash, Conventional, Warranty Deed

Rebuilt Year 2018

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

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Realcomp MLS
Listed by Downtown Realty
Bought with Detroit Real Estate Advisors, LLC

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Barrett Real Estate

+1(480) 864-2100

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