$1,900,000

14881 Schaefer Hwy Detroit, MI 48227

Bethune Community Neighborhood

Estimated payment $12,780/month

48 Beds
48 Baths
25,970 Sq Ft
$73 Price per Sq Ft

Highlights

  • 0.7 Acre Lot
  • Brownstone
  • Baseboard Heating
  • Cass Technical High School Rated 10

About This Home

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.

Listing Agent

Michael McClafferty

OakPointe Real Estate Advisors License #6501421721 Listed on: 11/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1965 | Remodeled in 2021

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 300x102.2

Home Design

  • Brownstone
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 48 Full Bathrooms
  • 25,970 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number W22I030826C40

Community Details

Overview

  • 48 Units
  • Huron Heights Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,952

Year Built

Built in 1965 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Brownstone
  • Architecture Level: 3 Story
  • Year Built: 1965
  • State Equalized Value: 743600.0000
  • Year Renovated: 2021
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 48.00
  • Full Bathrooms: 48
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 25970

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved
  • Sideof Street: W

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard, Radiant
  • Sewer: Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.70
  • Lot Dimensions: 300X102.2
  • Parcel Number: W22I030826C40
  • Zoning: Commercial

Rental Info

  • Rent Includes: Heat, Water/Sewer, Snow Removal, Trash Collection, Water, Yard Maintenance
  • Monthly Rental Income: 38400

Tax Info

  • Tax Amount Summer: 25432.0000
  • Tax Amount Winter: 7520.0000
  • Total Tax: 32952.0000
  • Taxable Value: 343850.0000

Multi Family

  • Gross Scheduled Income: 460800.00
  • Number Of Units Total: 48

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 For Sale $1,900,000 0.0% $73 / Sq Ft
11/12/2025 11/12/25 Price Changed $765 -4.4% $1 / Sq Ft
07/28/2025 07/28/25 Price Changed $800 +16.8% $2 / Sq Ft
07/25/2025 07/25/25 For Rent $685 -- --
Source: Realcomp

Source: Realcomp

MLS Number: 20251055692

Realcomp
Michigan Wayne County Detroit 48227 Bethune Community

14881 Schaefer Hwy, Detroit, MI

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Michael McClafferty
Listing Agent
Michael McClafferty
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OakPointe Real Estate Advisors
(248) 972-7040