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Mike Himes

mhimes.remax@gmail.com +1(517) 617-8911

$ 2,999,999

Est. payment | -/mo

60 Baths

7,405 Sqft Lot

Save

$ 2,999,999

Est. payment | -/mo

Save

60 Baths

7,405 Sqft Lot

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

Listed by EXP Realty Main

Nearby Locations

GET MORE INFORMATION

Mike Himes

Associate Broker | Lic# 501408694

mhimes.remax@gmail.com

+1(517) 617-8911

26078 W US12 Sturgis MI 49091

18055 Schoenherr Street Detroit, MI 48205

Mike Himes

Key Details

Location

Interior

Exterior

Building

Schools

Others

18055 Schoenherr Street