14881 Schaefer Highway, Detroit, Michigan 48227

$1,900,000

Property Details

MLS#: 20251055692
Bedrooms: N/A
Bathrooms: 48
Square Feet: 25,970
Price per Sqft: $73
Lot Size: 0.7 acres
Year Built: 1965
Property Type: ResidentialIncome
Status: Active
Days on Market: 95

Description

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.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 14881 Schaefer Highway?

14881 Schaefer Highway is listed at $1,900,000, or $73 per square foot.

How many bedrooms does 14881 Schaefer Highway have?

This property has N/A bedrooms and 48 bathrooms, with 25,970 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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