Address
9327 Schaefer Highway, Detroit, MI
Price
$ 215,000
Property Attributes
- ID#60944071
- TypeSingle Family
- Listing Status Active
- CountyWAYNE
- CityDetroit
- AreaDetroit
- NeighborhoodPlymouth-Monnier Heights
- Zip48228
- StyleBungalow
- Year Built1951
- Taxes$ 1062
- Price$ 215,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage1565
- Lot Size0.1 Acres
Data Source:
MiRealSource (MIRS)
Property Description
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.
| Price History | |
|---|---|
| 10/10/2025 | Listed $230,000 |
| 10/27/2025 | 7$215,000 |
General Features
| Heating | Forced Air |
|---|---|
| Kitchen Level | Entry |
| Cooling | Window Unit(s) |
| Possession | At Close |
| Garage | Detached Garage |
| Water | Public Water |
| Appliances | Freezer,Range/Oven,Refrigerator |
| Status | Active |
| Full Baths | 2 |
| Half Baths | 1 |
| Bathrooms | 3 |
| Year Built | 1951 |
| Subdivision | Plymouth-Monnier Heights |
| Water Heater | Gas |
| Style | Bungalow |
| County | Wayne |
| Class | RESIDENTIAL |
| Type | Single Family |
| Ownership | Private |
| Associated Document Count | 1 |
| Status | Active |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Manufactured Y/N | No |
| ROOMS | Breezeway |
| Structure Style | 1 1/2 Story |
| Subj to Short Sale Apprvl | No |
| Home Warranty Y/N | No |
| ACCESSIBILITY FEATURES | Accessible Bedroom,Accessible Full Bath |
| Area | Detroit (82001) |
| Primary City | Detroit |
| Virtual Tour | https://youtu.be/869e-B8KwGY |
| Directions | S of W Chicago/ Schaefer Hwy |
| City | Detroit |
| School District | Detroit City School District |
| Lease Y/N | No |
| Originating MLS | RealComp |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Conventional,FHA,VA |
| Legal Description | W SCHAEFER 36&37 PLYMOUTH MONNIER HTS SUB L49 P50 PLATS,W C R 22/558 40 X 110 |
| DOM | 343 |
| Postal Code | 48228 |
| Price Per Sq Ft Total AG | 137.38 |
| Public Remarks | Turnkey investment opportunity with immediate income. This updated bungalow is currently leased at $1 |
Interior Features
| Interior Amenities | Cable/Internet Avail.,DSL Available |
|---|---|
| Dining Room Level | Entry |
| Living Room Level | Entry |
| Basement | Partially Finished |
| Bedroom 3 Level | Entry |
| Bedroom 1 Level | Second |
| Bedroom 2 Level | Entry |
| Kitchen Length | 9 |
| Living Room Length | 14 |
| Bedroom 4 Width | 9 |
| Bedroom 2 Width | 9 |
| Bedroom 3 Width | 9 |
| Dining Room Width | 7 |
| Bedroom 4 Length | 11 |
| Bedroom 2 Length | 11 |
| Living Room Width | 12 |
| Bedroom 3 Length | 10 |
| Dining Room Length | 9 |
| Kitchen Width | 9 |
| Beds | 4 |
| Fireplace? | No |
| Total Rooms | 11 |
| Bedroom 1 Length | 17 |
| Bedroom 1 Width | 8 |
| Below Grade SqFt | 700 |
| Above Grade SqFt | 1565 |
| Basement Y/N | Yes |
| Total SqFt Finished | 1965 |
| Bathroom 1 Length | 9 |
| Bathroom 1 Width | 7 |
| Bathroom 2 Length | 8 |
| Bathroom 2 Width | 5 |
Exterior Features
| Exterior | Brick |
|---|---|
| Exterior Amenities | Fenced Yard |
| Frontage | 40 |
| Garage Dimensions | 12x20 |
| Lot Size Area | 0.1 |
| Pool (Y/N) | No |
| Lot Dimensions | 40X110 |
| Garage # of Car | 1 |
| Roads | Paved Street |
| FOUNDATION TYPE | Basement |
| Waterfront Y/N | No |
| Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 48228
Price
Taxes
Year Built
Visits
IDX provided courtesy of Realcomp II Ltd., via REMAX First and The Originating MLS(found above), © 2026 Realcomp II Ltd. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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