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$2,999,999
Est. payment /mo
60 Baths
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261044166
Year Built 1929
Annual Tax Amount $9,099
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60X124.5
Source Realcomp
Property Description
**Detroit Multifamily Portfolio – Portfolio Sale Only**Rare opportunity to acquire a portfolio of six multifamily properties in the City of Detroit. **All six properties are being sold together as a single portfolio package. The seller will not consider the sale of individual properties at this time.** The current owner/developer is located out of state and has decided to sell the entire portfolio rather than continue managing the project remotely. This package presents investors and developers with a unique opportunity to complete a large-scale multifamily redevelopment project with substantial upside potential.The portfolio includes:• **14299 Fordham Street** – Fully renovated and occupied. Currently operating as a single-room rental property featuring 62 rentable beds with rents ranging from **$450 to $595 per month per bed**.• **14296 Glenwood Street** – 20-unit apartment building approximately 50% rehabilitated. Rough electrical and plumbing work have been completed and approved.• **18036 Schoenherr Street** – 30-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in.• **18055 Schoenherr Street** – 20-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in.• **18029 Schoenherr Street** – 18-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in.• **10820 Schoolcraft Road** – 18-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in.The vacant properties have been cleaned out and secured, providing a strong foundation for investors looking to complete renovations and maximize long-term cash flow. With a combination of existing income and significant value-add potential, this portfolio offers a rare opportunity to acquire scale in one transaction.Proof of funds required prior to any showings. Please drive by the properties prior to requesting showings.
Location
State MI
County Wayne
Zoning Multi-Family
Direction 18055 Schoenherr St in Detroit from I-94, take the exit for I-696 West toward Lansing, then take the Schoenherr Rd exit (Exit 26) and turn left onto Schoenherr Rd. Travel south for approximately 2.5 miles to find the destination
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I029834S
Acceptable Financing Cash
Listing Terms Cash
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Listed by EXP Realty Main
Nearby Locations
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