For sale
  • $1,900,000

    14881 Schaefer Hwy #E15EF898E, Detroit, MI 48227

    48beds
    25,970sqft
    : 
    Townhouse
    Built in 1965
    0.7 Acres Lot
    $-- Zestimate®
    $73/sqft
    $-- HOA

    What's special

    Stacey Ann is a 48-unit multifamily property located in Northwest Detroit, offering stabilized 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.
    20 hours
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