MI > Detroit > Mi
Detroit, MI 48227,14881 Schaefer Highway
Detroit, MI 48227,14881 Schaefer Highway
Detroit, MI 48227,14881 Schaefer Highway
Detroit, MI 48227,14881 Schaefer Highway
Detroit, MI 48227,14881 Schaefer Highway
Detroit, MI 48227,14881 Schaefer Highway
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Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 1,900,000
Est. payment | /mo

48 Baths

25,970 SqFt

Save
$ 1,900,000
Est. payment | /mo
Save

48 Baths

25,970 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,970 sqft

Price per Sqft $73

Subdivision Mi

MLS Listing ID 60954851

Full Baths 48

Year Built 1965

Annual Tax Amount $32,952

Lot Size 0.700 Acres

Acres 0.7

Lot Dimensions 300X102.2

Property Sub-Type Multi-Family

Property Description

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.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Commercial

Rooms

Basement Poured

Interior

Heating Baseboard, Radiant

Fireplace No

Exterior

Exterior Feature Brick

Building

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by OakPointe Real Estate Advisors
Shannon Bagdonas

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 766-8387

soldbyshannonb@outlook.com

6838 Park Ave, Allen Park, MI, 48101-2036, USA

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14881 Schaefer Highway