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$2,999,999

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14 Baths

6,702 SqFt

Active

18029 SCHOENHERR ST Detroit, MI 48205

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Cyrus Wheeler

cyrus@matchrealty.com +1(313) 482-7432

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 6,702 sqft

Price per Sqft $447

Subdivision Trombley Pk

MLS Listing ID 20261044197

Style Upper/Lower Apartment

Full Baths 14

Year Built 1929

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type MultiFamily

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

Area Area05054Det8Togratiothoustonto7

Rooms

Basement Unfinished

Interior

Heating Natural Gas, Other Heating Source

Fireplace No

Exterior

Pool None

View Y/N No

Roof Type Rubber

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

Architectural Style Upper/Lower Apartment

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Listed by John Goci of EXP Realty Main

NEARBY SCHOOL & BUSINESS

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Cyrus Wheeler

Broker License ID: 6501414673

+1(313) 482-7432

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18029 SCHOENHERR ST Detroit, MI 48205

Cyrus Wheeler

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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18029 SCHOENHERR ST