10820 SCHOOLCRAFT St, Detroit, MI 48238

This offering is a portfolio sale only of six multifamily properties in Detroit, sold together as a single package. One property is fully renovated and currently occupied, operating as a single-room rental configuration with 62 rentable beds. The remaining five buildings are in various renovation stages, including a 20-unit building approximately 50% rehabilitated with rough electrical and plumbing work completed and approved. Several additional 18- and 20-unit brick buildings have been cleaned out, boarded, secured, and dried-in.

The portfolio includes 14299 Fordham Street (fully renovated and occupied), 14296 Glenwood Street (20 units, approximately 50% rehabilitated), 18036 Schoenherr Street (30 units, cleaned out and dried-in), 18055 Schoenherr Street (20 units, cleaned out and dried-in), 18029 Schoenherr Street (18 units, cleaned out and dried-in), and 10820 Schoolcraft Road (18 units, cleaned out and dried-in). The seller requests prospective buyers drive by the properties prior to requesting showings.

For investors and developers, the structure of this package combines existing income from the renovated, occupied asset with multiple value-add opportunities created by the vacant, prepared condition of the remaining buildings. Proof of funds is required prior to any showings.