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14881 Schaefer Highway, Detroit, MI 48227

Detroit
Local realty services provided by:CENTURY 21 Signature Realty
14881 Schaefer Highway,Detroit, MI 48227
$1,900,000
  • - Beds
  • 48 Baths
  • 25,970 sq. ft.
  • Multi-family
  • Active
Listed by: michael mcclafferty
Office: oakpointe real estate advisors
MLS#:20251055692
Source:MI_REALCOMP

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$73.16

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 #:20251055692
  • Added:114 day(s) ago
  • Updated:March 16, 2026 at 09:59 AM

Rooms and interior

  • Total bathrooms:48
  • Full bathrooms:48
  • Basement Description:Full, Unfinished
  • Living area:25,970 sq. ft.

Heating and cooling

  • Heating:Baseboard, Natural Gas, Radiant

Structure and exterior

  • Year built:1965
  • Building area:25,970 sq. ft.
  • Lot area:0.7 Acres
  • Construction Materials:Brick
  • Foundation Description:Basement, Poured
  • Levels:Three

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$73.16
  • Tax amount:$32,952
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