MI
Wayne
Detroit City
48227
14881 Schaefer Highway
14881 Schaefer Highway, Detroit City, MI 48227
Share Listing
Listing Type
Multi Family
Listing Status
Active
8
$1,900,000
Home Details for 14881 Schaefer Highway
Price
$1,900,000
Type
Residential Income
Bedrooms
48
Bathrooms
48.0
Square feet
25970
Year built
1965
Lot size acres
0.7
County
Wayne
Garage
Basement
Full, Unfinished
Days on site
9
MLS Listing#
20251055692
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.
Property Features
Heating Information
- Baseboard
- Natural Gas
- Radiant
Basement
- Full
- Unfinished
Cooling Information
- None
Water Features
- Public
Listing Courtesy: OakPointe Real Estate Advisors - 248-972-7040
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220Office
248 677 3220
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