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.
For sale
$1,900,000
14881 Schaefer Hwy #E15EF898E, Detroit, MI 48227
48beds
25,970sqft
Est.:
Townhouse
Built in 1965
0.7 Acres Lot
$-- Zestimate®
$73/sqft
$-- HOA
What's special
- 20 hours |
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