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$1,900,000
72 Days On Site
14881 Schaefer HighwayDetroit City, MI 48227
For Sale|Multi Family|Active
48
Beds
48
Total Baths
48
Full Baths
25,970
SqFt
$73
/SqFt
1965
Built
Subdivision:
HURON HEIGHTS
County:
Wayne
Call Now: 810-360-3488
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810-360-3488
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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.
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Listing Snapshot
Price
$1,900,000
Days On Site
72 Days
Bedrooms
48
Inside Area (SqFt)
25,970 sqft
Total Baths
48
Full Baths
48
Partial Baths
N/A
Lot Size
0.7 Acres
Year Built
1965
MLS® Number
20251055692
Status
Active
Property Tax
$32,952
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
Recent Activity
| 2 months ago | Listing first seen on site | |
| 2 months ago | Listing updated with changes from the MLS® |
General Features
Acres
0.7
Cross Street
Chalfonte and Schaefer Highway
Disclosures
Projected Income, Taxes Not Homestead Exempt
Pets
Call
Property Sub Type
Multi Family
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
25970
Style
Other
Water Source
Public
Zoning
Commercial
Interior Features
Basement
FullUnfinished
Heating
BaseboardNatural GasRadiant
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Exterior Features
Construction Details
Brick
Pool Features
None
Community Features
Financing Terms Available
AssumableCashConventional
MLS Area
Area05042Det6TireGrnfldLivernois
Roads
Paved
School District
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of OakPointe Real Estate Advisors: [email protected]
IDX provided courtesy of Realcomp II Ltd. via RealcompIILtd. Copyright © 2026 Realcomp II Ltd. Shareholders.
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 and that the data is deemed reliable but not guaranteed accurate by the MLS.
IDX provided courtesy of Realcomp II Ltd. via RealcompIILtd. Copyright © 2026 Realcomp II Ltd. Shareholders.
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 and that the data is deemed reliable but not guaranteed accurate by the MLS.
Neighborhood & Commute
Source: Walkscore
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