




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
40
45
Schools
2/10
3/10
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
