Listing provided courtesy of EXP Realty MainMLS# 61001902MLS Provider
  • First day on site
  • 0 views

**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.

Source: Great Lakes Repository, MLS#: 61001902

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Residential Income
  • Lot
    0.30 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Kevin Prokopp

Create a profile so you can receive updates on this property as soon as they happen!

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 18036 SCHOENHERR Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/29/2026Source: Great Lakes Repository Added to Database
June 29, 2026