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About the Listing 115113 - 679030
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.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Multi-Family
MLS ®
60954851
Year Built
1965
Total Square Footage
25,970
Lot/Acreage
0.7
County
Wayne
Neighborhood
Huron Heights
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 48 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 25970
- Below Ground Sq Ft: n/a
- Basement: Poured
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 300X102.2
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $32,952
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
14881 Schaefer Detroit, MI 48227
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