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14881 Schaefer, Detroit, MI 48227

Detroit
Local realty services provided by:CENTURY 21 Northland
14881 Schaefer,Detroit, MI 48227
$1,900,000
  • - Beds
  • 48 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: michael mcclafferty
Office: oakpointe real estate advisors
MLS#:60954851
Source:MI_REALSOURCE

Price summary

  • Price:$1,900,000

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.

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Home facts

  • Year built:1965
  • Listing ID #:60954851
  • Added:161 day(s) ago
  • Updated:May 02, 2026 at 10:18 AM

Rooms and interior

  • Total bathrooms:48
  • Full bathrooms:48
  • Basement Description:Poured

Heating and cooling

  • Heating:Baseboard, Radiant

Structure and exterior

  • Year built:1965
  • Lot area:0.7 Acres
  • Construction Materials:Brick
  • Foundation Description:Basement, Poured

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$1,900,000
  • Tax amount:$32,952

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