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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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9327 Schaefer Hwy , Detroit, MI 48228
$215,000
Est. Payment: $1,107.14/mo
4 Bed
3 Bath
1965 Sqft
Status: active | Days on site: 88
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House 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.

Highlights

Listed by Patrice Henderson , 248-780-2521 Max Broock Realtors , 248-851-4100. MichRIC

Property Type

Residential

Lot/Acreage
0.1

Year Built

1951

County

Wayne

School District

Detroit

Listing ID

20251043800

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Appliances:Refrigerator, Oven, Freezer
Air Cond:Window Unit(s)
Fireplaces:
Basement:Daylight,Partial
Other:Basement Partially Finished
Other:Public

Exterior Features

Roof:Asphalt
Others:Fenced Back
Sewer:Public
Parking Features:Detached
Principal Interest
$1,107
Taxes
$89

Home Price

$215,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$43,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,107.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,107.14 $88.56 $0.00 $1,195.70
Yearly $13,285.70 $1,062.75 $0.00 $14,348.45
Total $398,570.87 $31,882.50 $0.00 $430,453.37
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-02T23:53:55.000Z

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