20501 Schaefer Hiwy Detroit, MI
$ 929,900
Property Attributes
  • MLS#40152744
  • TypePending
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48235
  • StyleCommercial/Industrial
  • Year Built1966
  • Taxes$ 7234
  • Price$ 929,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11520
Listing Provided Courtesy Of:
@Properties Detroit
Data Source:
Michigan Multiple Listing Service
Property Description

Great investment opportunity! This city-certified building is 93% occupied and made up of 16 one bedroom/ one bathroom apartments. A full gut renovation of the interior units include: new windows and doors, carpet, appliances, countertops. The exterior was improved with a new roof coating, parking lot and full fencing, new fire alarm system, camera system and burglar alarm system. Desirable location with easy access to nearby expressways!

Price History
3/12/2021 Listed $929,900

General Features

Cooling Central A/C
Directions North on Woodward West on 8 mile
Financial Terms Cash, Conventional
Legal Description W SCHAEFER HWY 241&240 N 20 FT 239 DERBY SUB L38 P85 PLATS, W C R 22/215 100 X 125
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Private
Roof Asphalt
Source Mls MI Real Source
Status Pending
Status Pending
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Water Heater Gas
Year Built 1966
Zoning Multi-Family

Interior Features

Fuel Type Natural Gas

Exterior Features

Exterior Brick
Foundation Type Slab
Frontage 40
Lot Dimensions 100X125
Sewer Septic Public Sanitary
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48235

AVG $90K
AVG $1,570
AVG 13
Year Built
AVG 1944
AVG 54
Data Provided by Walkscore ® not using MLS data