14299 Fordham St, Detroit, MI 48205

This is a portfolio sale of six multifamily properties in Detroit, offered only as a single package and not separately. One building at 14299 Fordham Street is fully renovated and currently occupied as a single-room rental configuration with 62 rentable beds, with rents stated between $450 and $595 per month per bed. The remaining properties include a 20-unit building at 14296 Glenwood Street that is approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved, and four additional 20-unit/18-unit buildings with brick exteriors that have been cleaned out, boarded, secured, and dried-in, including 18036 Schoenherr Street, 18055 Schoenherr Street, 18029 Schoenherr Street, and 10820 Schoolcraft Road.

The vacant buildings have been cleaned out and secured, providing a starting point for continued renovation planning. The current owner/developer is located out of state and is selling the entire portfolio rather than continuing remote management. Walk, bike, and transit scores are provided as somewhat walkable/bikeable and somewhat transit.

For buyers and developers seeking multifamily redevelopment scale through one transaction, this package offers a mix of stabilized income from the renovated, occupied property and redevelopment progress across several sites. Proof of funds is required prior to any showings, and prospective buyers are advised to drive by the properties prior to requesting tours.