$2,800,000

8207 Schaefer Hwy Detroit, MI 48228

Fiskhorn Neighborhood

Estimated payment $20,110/month

Total Views 6,507
44 Beds
44 Baths
28,406 Sq Ft
$99 Price per Sq Ft

About This Home

Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 80%. Nice curb appeal high demand building near Dearborn. Two Boilers and roof updated, environmental clear, rear parking lot for tenants, security system. Property manager in place keep or self-manage. Ideal opportunity for cash buyer or bank financing. Can be sold as a package with 3 other apartment complexes!

Listing Agent

Justin Zehel

Keller Williams Paint Creek License #MISPE-6501397844 Listed on: 09/12/2025

Keller Williams Paint Creek

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1957

Bedrooms and Bathrooms

  • 44 Bedrooms

Utilities

  • Boiler Heating System
  • Separate Meters

Additional Features

  • 2-Story Property
  • 0.62 Acre Lot
  • Basement

Community Details

  • 40 Units
  • Esper Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 22031207-19

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$64,580

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 64580
  • Year Built: 1957
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 44
  • Full Bathrooms: 36
  • Total Bathrooms: 44
  • Source of Sq Ft: Realist
  • Half Bathrooms: 8

Exterior Features

  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 22031207-19
  • Lot Dimensions: 27007
  • Acreage: 0.62
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2025, Amount: $55,378.00
  • Winter Tax: Year: 2024, Amount: $9,202.00
  • Total Tax: Amount: $64,580.00

Multi Family

  • Total Units: 40

MLS Schools

  • School District: Detroit City School District

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2025 09/12/25 For Sale $2,800,000 -- $99 / Sq Ft
Source: Michigan Multiple Listing Service

Source: Michigan Multiple Listing Service

MLS Number: 50188314

Michigan Multiple Listing Service
Michigan Wayne County Detroit 48228 Fiskhorn

8207 Schaefer Hwy, Detroit, MI

For Sale

MultiFamily

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Michigan Multiple Listing Service Source MLS: MiRealSource
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Nearby Homes
Justin Zehel
Listing Agent
Justin Zehel
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Keller Williams Paint Creek
(248) 979-3466