24 Unit Apt Detroit, MI 48227
12219 Schaefer Detroit, MI 48227Basics
- Date added: Added 1 year ago
- Category: 48227, Multi Unit
- Type: apartments, Multi-Unit
- Status: active
- Bedrooms: 24
- Bathrooms: 24
Description
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Description:
12219 Schaefer
24 units (1 bed, 1 bath)
Asking $1,500,000
80% occupied will be closer to 100% shortlyAll new: roof, boiler, water heater and exterior lighting work still being done on the building and the units
Schafer ApartmentsAttached are the financials for the 24-unit. Page 1 reflects the current state of the property. The orange highlighted units are being Section 8 certified and placed with Section 8 tenants. Page 2 is the seller’s plan if the property doesn’t sell in its’ current state. Once his ‘Page 2’ plan is complete he will then list the property in January at 100% occupancy.Two section 8 tenants moved into their apartment this week.
Tenant #1: Studio voucher - $877
Tenant #2: 1 bedroom voucher - $970
Another four section 8 tenants have viewed the property and are waiting for the completion of the inspection. The remaining inspections will be stretched between 11/17 - 12/15 due to the Thanksgiving holiday.
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