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    14881 Schaefer Hwy Detroit, MI 48227

    For Sale
    $1,900,000

    48-unit multifamily property with stabilized cash flow and growth potential.

    Lot size:
    0.70 Acres

    Property Features for 14881 Schaefer Hwy

    General Information

    Lot size
    0.70 Acres

    Building Details

    Year built
    1965

    Source: OakPointe Real Estate Advisors Agent Michael McClafferty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Northwest Detroit Multifamily Investment

    Located in Northwest Detroit, this 48-unit multifamily property, known as Stacey Ann, presents a stabilized cash flow opportunity with potential for operational and rent growth. Constructed in 1965 and renovated in 2021, the property maintains an 81% occupancy rate. The property offers a clear path to increase net operating income through lease-up strategies, rent repositioning, and reduced management expenses. This property is part of the Detroit 2 Portfolio, which consists of 83 total units. The portfolio is currently operating at over 87% occupancy and generating over $686,000 in annual income, presenting investors with a cash-flowing operation that has upside in a supply-constrained rental market.
    Location Intelligence

    Current Use by Public Records

    Stacey Ann Apts. Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1792624
    Latitude
    42.3984139

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    FAQs

    What type of property is this?
    Apartment building - 48-unit multifamily property with stabilized cash flow and growth potential.
    Where is this apartment building located?
    The property is located at 14881 Schaefer Hwy Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Stabilized cash flow with significant potential for operational and rent growth.; - Renovated in 2021.; - Part of Detroit 2 Portfolio (83 total units) with proven cash-flowing operation.
    (248) 972-7040
    Request Owner's contact information
    14881 Schaefer Hwy Detroit, MI 48227
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14881 Schaefer Hwy Detroit, MI 48227
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