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14881 Schaefer Hwy #E15ef898e, Detroit, MI, 48227

48beds
48baths
25,970sqft
$1,900,000
$73price/sqft
$21,565/moest. monthly cost
$862,600/yrincome needed

About This Home

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.

Getting Around

51
WalkingSomewhat Walkable
40
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

2/10
3/10
Cody High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 1965

Materials

  • Foundation: Basement,Poured
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2021

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 48
  • Bathrooms: 48
  • Full bathrooms: 48

Features

  • Finished area above ground: 25,970

Heating

  • Heating features: Baseboard,Natural Gas,Radiant

Interior Area

  • Total interior livable area: 25,970 sqft

Property

Details

  • Parcel number: W22I030826C40
  • Zoning description: Commercial
  • Special condition: Short Sale No,Standard

Features

  • Levels: Three
  • Stories: 3
  • Pool features: None

Lot

  • Lot size: 0.70 Acres
  • Lot size dimensions: 300 x 102.2