14881 Schaefer HWY, Detroit, MI 48227 - MLS#20251055692

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Jim Willis

jwillis@millerteamrealtors.com +1(810) 201-6924

$1,900,000

48 Baths

25,970 SqFt

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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 Other

Full Baths 48

Year Built 1965

Lot Size 0.700 Acres

Acres 0.7

Property Sub-Type MultiFamily

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 Area05042Det6Tiregrnfldlivernois

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard, NaturalGas, Radiant

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Poured

Sewer PublicSewer

Water Public

New Construction No

Schools

High Schools Detroit

School District Detroit

Others

Senior Community false

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

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Listed by Michael McClafferty of OakPointe Real Estate Advisors

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Jim Willis

+1(810) 201-6924

Agent | Brerms:274322

Agent Brerms:274322

14881 Schaefer HWY Detroit, MI 48227

Jim Willis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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