$1,888 Closing Credit¹
#20240091623, Ali M Shariff, Listing Office: Real Estate One-Dbn Hts/Dbn
$199,900 List price
2511 Schaefer Rd Melvindale, MI 48122
$2,374
Closing credit¹
2 full
2,000 sqft
0.1 acres
$100 / sqft
Multi-Family
Property details
About 2511 Schaefer Rd
GREAT OPPORTUNITY TO OWN THIS RECENTLY UPDATED DUPLEX WITH STRONG RENTAL POTENTIAL! RECENT IMPROVEMENTS THROUGHOUT BOTH UNITS AND EXTERIOR MAKE THIS A LOW-MAINTENANCE ADDITION TO YOUR PORTFOLIO. EXTERIOR UPGRADES INCLUDE NEW GUTTERS, EXTENSIVE TREE TRIMMING COMPLETED FOR CURB APPEAL AND SAFETY, PORCH IMPROVEMENTS INCLUDING NEW RAILINGS AND BRICKWORK REPAIRS. INTERIOR UPDATES ON THE VACANT UNIT INCLUDE WINDOW REPAIRS, NEW KITCHEN INCLUDING NEW FRIDGE, UPDATED BATHROOM, NEW LUXURY VINYL PLANK FLOORING AND PAINT THROUGHOUT, NEW ELECTRICAL WIRING, LIGHT FIXTURES AND DOOR HARDWARE. INTERIOR UPDATES ON THE TENANT OCCUPIED UNIT INCLUDE MINOR ELECTRICAL REPAIRS AND FLOORING IN THE KITCHEN. ONE UNIT IS VACANT AND ONE UNIT IS TENANT OCCUPIED AT $800/MO ON A MONTH TO MONTH BASIS. THIS PROPERTY IS IDEAL FOR BOTH OWNER-OCCUPANTS AND INVESTORS. LIVE IN ONE UNIT AND RENT THE OTHER, OR LEASE BOTH FOR STRONG CASH FLOW FROM DAY ONE. DON’T MISS THIS MOVE-IN-READY MULTIFAMILY OPPORTUNITY!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size2,000 sqft
BasementYes
Lot size0.14 Acres
Year built1941
MLS #20250027148
Summary
- MLS Number: 20250027148
- MLS Name: Realcomp II Ltd
- Office Name: Keller Williams Legacy
- Office Phone: (313) 752-0000
- Listing Agent: Robert Kabbani
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 4:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$199,900
2511 Schaefer Rd
$2,374
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $69,500 | $2,772 |
| 2023 | $57,000 | $2,587 |
| 2022 | $50,900 | $2,587 |
| 2021 | $43,400 | $2,572 |
| 2020 | $41,500 | $2,519 |
| 2018 | $30,700 | $2,519 |
| 2017 | $37,300 | $2,492 |
History based on county public records data.
Nearby schools
3
Allendale Elementary School
Public District 2-5
0.8 mi
•3201 Oakwood Blvd
4
Salina Elementary School
Public District PK-3
1.5 mi
•2700 Ferney St
1
Ralph J. Bunche Academy
Public District PK-3
2.0 mi
•503 Hyacinthe St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,632. Most Melvindale, MI residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
41%
<35k
52%
35k-100k
6%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
50%
Single, No Kids
17%
Single, with Kids
18%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
UFC
Extreme Sports
Horse Races
Where do the neighbors shop?
Family Dollar
Sam's Club
Stein Mart
Where do the neighbors go to eat?
Burger King
White Castle
LongHorn Steakhouse
What do the neighbors drive?
Buick
Oldsmobile
Toyota
What do the neighbors listen to?
Urban Contemporary
Rock
Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 2511 Schaefer Rd in Melvindale, MI and zip code 48122. This 2,000 square foot home, which was built in 1941, sits on a 0.14 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $199,900.
Melvindale, MI housing market in March 2025 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 0 sold below. The number of listings in Melvindale, MI increased by 23.8% between February and March 2025. The median list price of listings available in March 2025 was $140,000, while the average time on the real estate market was 5 days.
From Rocket Homes Real Estate and based on county public records data.