18020 Schaefer Highway, Detroit, Michigan 48235, USA

A Great Investment Opportunity in Detroit, MI

Property Details

A classic duplex property featuring 4 bedrooms, 2 bathrooms, and 1,801 sqft of living space on a 5,227 sqft lot with driveway parking.

• Roof: Old

• Furnace: Old

• AC: N/A

• Plumbing: Good

• Electrical Panel: Good

• Water Heater: Good

The property will be delivered vacant at closing.

Investment Highlights

• Estimated $23.8k in immediate equity with an income-producing duplex generating $1,300/month cash flow from day one

• Currently under-rented at $1,300/month with market rent potential of $1,600/month after current lease expires in August

• Solid brick construction on Detroit's northwest side with proximity to Renaissance High School, Sinai-Grace Hospital, shopping, and major freeways

• Strong rental demand in the Schaefer Hwy corridor with high buyer interest (average of 14 interested buyers per deal in this zipcode)

• Comparable sales range from $107k-$155k, with the highest comp selling in just 21 days for $155k

• Duplex configuration offers two income streams from a single asset with 2 bedrooms and 1 bathroom in each unit

• Essential rehab scope of $33k includes safety and habitability upgrades — cosmetic improvements translate to additional ARV gains

• Full basement adds value and storage potential

• Ideal for house-hacking, buy-and-hold investors, or adding to an existing rental portfolio

Financial Summary

• ARV (After Repair Value): $125,000 - $135,000

A Wonderful Wholesale Opportunity!