9327 Schaefer Highway Detroit, MI $ 215,000
9327 Schaefer Highway
$ 215,000
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9327 Schaefer Highway

Detroit, MI, 48228
$ 215,000
Bedrooms4 Baths2.1 Sq 1,565

Monthly Estimate*

$ 1,324

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Single Family Home for sale in Detroit, MI

for $215,000 with 4 bedrooms and 2 full baths, 1 half bath. This 1,565 square foot home was built in 1951 on a lot size of 0.1.

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.

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Single Family Active

Price

$ 215,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 1,062

Style

Bungalow

Lot Size

0.1

Year Built

1951

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60944071

Features
Interior
Interior Amenities Cable/Internet Avail. DSL Available
Dining Room Level Entry
Basement Partially Finished
Bedroom 3 Level Entry
Bedroom 1 Level Second
Bedroom 2 Level Entry
Beds 4
Fireplace? No
Total Rooms 11
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General
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 Active
Full Baths 2
Half Baths 1
Bathrooms 3
Year Built 1951
Subdivision Plymouth-Monnier Heights MI
Water Heater Gas
Style Bungalow
County Wayne
Class RESIDENTIAL
Type Single Family
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
Structure Style 1 1/2 Story
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
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 254
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
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Exterior
Exterior Brick
Exterior Amenities Fenced Yard
Frontage 40
Lot Size Area 0.1
Pool (Y/N) No
Lot Dimensions 40X110
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Patrice Henderson

Listing Agent

Max Broock Realtors

Broker

patrice@designedlivingre.com

Email

Affordability Calculator

$1,412
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,324
Monthly Property Taxes
$89
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/27/2025$215,000 -6.52% Price Down
10/10/2025$230,000 Listed Price

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9327 Schaefer Highway, Detroit, MI, 48228 is a Single Family Home for sale at $215,000 with 1,565 sqft and a lot size of 0.1. 9327 Schaefer Highway has 4 bedrooms, 2.1 baths, and was built in 1951. The property's zip code is 48228 which is in Detroit, MI