For Sale

Listed by Michael McClafferty

Source: Multiple Listing Service MiRealSource #60954851

14881 Schaefer Highway, Detroit, MI, 48227

$1,900,000

48
25970 sq. ft.
0.7 ac.

MultiFam

•

30+ days on the market

What's around 14881 Schaefer Highway

About this property

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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