For sale

8676 Schaefer Highway
Detroit, MI 48228

$190,000

Lot
0.12 acres
Year built
1953
Property type
E
County
Wayne
MLS #
20261078299

About this home

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.