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$1,900,000
-- Bed
48 Baths48 full baths
25,970sqft
14881 Schaefer Hwy, Detroit, MI 48227
$1,900,000
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Multi Family
Built in 1965
$-- HOA
30,492 sqft lot
$73/sq.ft
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.
- Houzeo last checked: 41 Minutes ago
- Listing updated: December 1, 2025 at 1:13 am
- Listing Provided by: Michael McClafferty (248) 972-7040 DRE #6501421721 | OakPointe Real Estate Advisors (248) 972-7040
- Source: MiRealSource MLS-MI | MLS#: 60954851
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1965
HOA Fees
-
Finished Area
25,970 sqft
Lot Size
30,492 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60954851
MLS Status
Active
Days on Market
14
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