$1,900,000
14881 schaefer highway, detroit, MI 48227
Property Description
Stacey Ann is a 48-unit multifamily property located in Northwest Detroit, offering stable cash flow with significant room for operational and rent growth. Built in 1965 and renovated in 2021, the property is currently 81% occupied, providing a clear path to increase NOI through lease-up, rent repositioning, and reduced management expenses. This property is part of the Detroit 2 Portfolio (83 total units), which is currently 87%+ occupied and generating $686,000+ in annual income, offering investors a proven cash-flowing operation with meaningful upside in a supply-constrained rental market.
General Information
Price: $1,900,000
Price/SqFt: $73
Status: Active
MLS#: 20251055692
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: huron heights
Acres: 0.7
Lot Dimensions: 300X102.2
Bedrooms:0
Bathrooms:48 (48 full, 0 half)
Size: 25,970 sq.ft.
Acreage: 0.7 est.
Year Built: 1965
Property Type: Multifamily
Style: 3 Story
Features & Room Sizes
Exterior: Brick
Basement: 1
Heating: Baseboard, Radiant
Heating: Baseboard, Radiant
Tax, Fees & Legal
Est. Summer Taxes: $25,432
Est. Winter Taxes: $7,520
Est. Winter Taxes: $7,520
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Michael McClafferty of OakPointe Real Estate Advisors, Phone: (248) 972-7040
