14881 Schaefer Highway

Detroit MI 48227

25970 sq. ft.

0.7 ac.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

48 bathrooms

25970 sq. ft. floor area

0.7 ac. lot size

Multi-Family

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