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Sherri Groves

sherri@cbgroves.com +1(517) 398-2996

$ 2,999,999

Est. payment -/mo

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18029 SCHOENHERR Street Detroit, MI 48205

14 Baths

4,791 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261044197

HOA Y/N true

Year Built 1929

Annual Tax Amount $7,518

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40X124.5

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 To get to 18029 Schoenherr Rd (located near the Detroit/Warren border) from I-94:Take I-94 to Exit 224 (Schoenherr Rd).Head North on Schoenherr Rd for approximately 1.5 miles.The destination is on the west side of the street (between 10 1/2 Mile Rd/Toepfer Dr and E 11 Mile Rd).

Exterior

Amenities Available Pets Allowed

View Y/N No

Roof Type Rubber

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I029837S

Acceptable Financing Cash

Listing Terms Cash

Listed by EXP Realty Main

Sherri Groves

Broker Associate

+1(517) 398-2996

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Sherri Groves

18029 SCHOENHERR Street Detroit, MI 48205

Key Details

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Exterior

Building

Schools

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18029 SCHOENHERR Street