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Additional details
$ 1,900,000
New
14881 Schaefer HWY Detroit, MI 48227
48 Baths
25,970 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 25,970 sqft
Subdivision Huron Heights
MLS Listing ID 20251055692
Style Brownstone
Full Baths 48
Year Built 1965
Property Sub-Type MultiFamily
Property Description
Stacey Ann is a 48-unit multifamily property located in Northwest Detroit, offering stabilized 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.
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 Area05042Det6Tiregrnfldlivernois
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, NaturalGas, Radiant
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Poured
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
©2025 Realcomp II Ltd. Shareholders
Listed by Michael McClafferty of OakPointe Real Estate Advisors
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