BEDS0
BATHS48 full
SQUARE FEET25,970
MLS#20251055692
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHuron Heights
SCHOOLDetroit
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
Property Type: Multi Unit - Multiple
Basement: Unfinished
Fuel Type: Natural Gas
Heating: Baseboard, Radiant
Lot Size: 0.70 Acres
Year Built: 1965
Feature Descriptions
Architecture: Other
Days on Site: 139
Exterior: Brick
Foundation: Basement
Lot Dimensions: 0.70 Acre(s)
Road Frontage: Paved
Summer Tax: $25432.0000
Winter Tax: $7520.0000
Year Remoldeled: 2021
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: OakPointe Real Estate Advisors
Agency Phone: (248) 972-7040
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
Estimate Your Payment
Estimated Payment
$ 4,782.74 per month $4,228.58 Principal & Interest $0.00 Property Tax (data not provided by mls) $554.17 Homeowner's Insurance
14881 Schaefer Highway | MLS# 20251055692
This multi-family property located at 14881 Schaefer Highway, Detroit, MI 48227 is currently listed for sale with an asking price of $1,900,000. Schaefer Highway is located within the Detroit school district. Search Detroit real estate on www.griffithrealty.com today.