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Multifamily Portfolio for Sale

18055 Schoenherr St Detroit, MI 48205

18055 Schoenherr St, Detroit, MI, 48205
$2,999,999
For Sale
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$2,999,999

Six Detroit apartment buildings offered together, including an occupied renovated property and five vacant or partially rehabbed buildings.

AddedJun 20
Days on Market25
Last RefreshJun 21 at 2:09 am

Property Features for 18055 Schoenherr St

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1929

Listing office eXp Realty

Listing date Jun 20, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty


Investment Insights

Based on property information with market context.

This is a portfolio sale consisting of six multifamily properties being marketed and sold as a single package. The lineup includes 14299 Fordham Street, described as fully renovated and occupied, currently operating as a single-room rental setup with 62 rentable beds. The remaining buildings are 14296 Glenwood Street (a 20-unit building approximately 50% rehabilitated with rough electrical and plumbing work completed and approved), 18036 Schoenherr Street (30 units), 18055 Schoenherr Street (20 units), 18029 Schoenherr Street (18 units), and 10820 Schoolcraft Road (18 units). For the vacant Schoenherr and Schoolcraft Road properties, the exterior brick has been cleaned out, and units have been boarded, secured, and dried-in.

The seller is located out of state and is selling the entire portfolio rather than continuing remote management. Individual property sales are not being considered at this time. Proof of funds is required prior to showings, and prospective buyers are instructed to drive by the properties before requesting access.

For investors or developers seeking scale in one transaction, the package combines an existing occupied asset at 14299 Fordham Street with multiple buildings that have already been cleaned out and secured, and one that is mid-rehabilitation with approved rough electrical and plumbing work. This configuration can support a staged redevelopment approach across the portfolio.

Key Highlights

  • Six multifamily properties in Detroit sold together as one portfolio package (no individual property sales).
  • 14299 Fordham Street: fully renovated and occupied; operating as single‑room rentals with 62 rentable beds at $450–$595/month per bed.
  • 14296 Glenwood Street: 20‑unit building about 50% rehabilitated; rough electrical and plumbing completed and approved.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six Detroit apartment buildings offered together, including an occupied renovated property and five vacant or partially rehabbed buildings.
Where is this apartment building located?
The property is located at 18055 Schoenherr St Detroit, MI.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Six multifamily properties in Detroit sold together as one portfolio package (no individual property sales).; 14299 Fordham Street: fully renovated and occupied; operating as single‑room rentals with 62 rentable beds at $450–$595/month per bed.; 14296 Glenwood Street: 20‑unit building about 50% rehabilitated; rough electrical and plumbing completed and approved.
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