14881 Schaefer Highway, Detroit, MI 48227
Local realty services provided by:CENTURY 21 Dynamic 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:24 day(s) ago
- Updated:December 16, 2025 at 10:59 AM
Rooms and interior
- Total bathrooms:48
- Full bathrooms:48
- 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
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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