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$1,900,000
1 Day On Site

14881 Schaefer Highway
Detroit City, MI 48227

For Sale|Multi Family|Active
48
Beds
48
Total Baths
48
Full Baths
25,970
SqFt
$73
/SqFt
1965
Built
Subdivision:
HURON HEIGHTS
County:
Wayne
14881 Schaefer Highway14881 Schaefer Highway14881 Schaefer Highway14881 Schaefer Highway
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Mortgage Calculator

Monthly Payment (Est.)

$8,669
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$1,900,000
Days On Site 
1 Day
Bedrooms 
48
Inside Area (SqFt) 
25,970 sqft
Total Baths 
48
Full Baths 
48
Partial Baths 
N/A
Lot Size 
0.7 Acres
Year Built 
1965
MLS® Number 
20251055692
Status 
Active
Property Tax 
$32,952
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.7
Cross Street 
Chalfonte and Schaefer Highway
Disclosures 
Projected Income, Taxes Not Homestead Exempt
Pets 
Call
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
25970
Style 
Brownstone
Water Source 
Public
Zoning 
Commercial
Interior Features
Basement 
FullUnfinished
Heating 
BaseboardNatural GasRadiant
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Exterior Features
Construction Details 
Brick
Pool Features 
None
Community Features
Financing Terms Available 
AssumableCashConventional
MLS Area 
Area05042Det6TireGrnfldLivernois
Roads 
Paved
School District 
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of OakPointe Real Estate Advisors: [email protected]



IDX provided courtesy of Realcomp II Ltd. via RealcompIILtd. Copyright © 2025 Realcomp II Ltd. Shareholders.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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