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$ 1,900,000
Est. payment /mo
Active
14881 Schaefer Highway Detroit, MI 48227
48 Baths
0.7 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251055692
Year Built 1965
Annual Tax Amount $32,952
Lot Size 0.700 Acres
Acres 0.7
Lot Dimensions 300X102.2
Source Realcomp
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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Direction South of Chalfonte along Schaefer Highway
Interior
Heating Baseboard, Radiant
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I030826C40
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
Listed by OakPointe Real Estate Advisors