Six-Property Multifamily
For Sale
$2,999,999
18029 SCHOENHERR St, Detroit, MI 48205
Portfolio sale of six Detroit multifamily buildings, combining one occupied asset with five vacant redevelopment candidates.
Property Size6,702 SF
Days on Market53
Property Features for 18029 SCHOENHERR St
General Information
Standard status
Active
Size
6,702 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
168
Taxes and HOA fees
Annual Taxes
$7,518
Building Details
Building Size
6,702 SF
Year Built
1929
Units
14
Listing Agency:
eXp Realty
(734) 637-1430
Listed By:
John Goci · License #6501389885
(734) 637-1430
Source:
Elliman
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 10 at 6:00AM
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 offering is a portfolio sale only, consisting of six separate multifamily properties sold together as one package. The portfolio includes 14299 Fordham Street, which is fully renovated and currently occupied as a single-room rental property with 62 rentable beds. Rents are described as ranging from $450 to $595 per month per bed. The remaining five buildings are described as partially or fully vacant and in various stages of renovation, with exterior brick cleaned out and properties secured and dried-in on multiple Schoenherr Street addresses.
The buildings included are 14296 Glenwood Street (20 units, approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved) and four additional properties on Schoenherr Street: 18036 Schoenherr Street (30 units), 18055 Schoenherr Street (20 units), and 18029 Schoenherr Street (18 units), plus 10820 Schoolcraft Road (18 units). The walk/transit/bike metrics provided indicate a car-dependent setting, with drive-by inspection recommended prior to requesting showings.
For investors or developers seeking scale in one transaction, this package offers a mix of an income-producing, renovated building and additional assets that have been cleaned out and secured as renovation foundations. The seller notes that the portfolio presents redevelopment and value-add opportunities as part of a larger modernization effort. Proof of funds is required prior to any showings, and the seller will not consider the sale of individual properties.
The buildings included are 14296 Glenwood Street (20 units, approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved) and four additional properties on Schoenherr Street: 18036 Schoenherr Street (30 units), 18055 Schoenherr Street (20 units), and 18029 Schoenherr Street (18 units), plus 10820 Schoolcraft Road (18 units). The walk/transit/bike metrics provided indicate a car-dependent setting, with drive-by inspection recommended prior to requesting showings.
For investors or developers seeking scale in one transaction, this package offers a mix of an income-producing, renovated building and additional assets that have been cleaned out and secured as renovation foundations. The seller notes that the portfolio presents redevelopment and value-add opportunities as part of a larger modernization effort. Proof of funds is required prior to any showings, and the seller will not consider the sale of individual properties.
Key Highlights
- Portfolio sale only: all six Detroit multifamily properties sold together as one package (no individual property sales).
- 14299 Fordham St is fully renovated and occupied, operating as a single‑room rental with 62 rentable beds at $450–$595 per bed per month.
- 14296 Glenwood St: 20‑unit building approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved.
Property Analytics
Property Profile
Current Use
Lease Details
168
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio sale of six Detroit multifamily buildings, combining one occupied asset with five vacant redevelopment candidates.
Where is this apartment building located?
The property is located at 18029 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: Portfolio sale only: all six Detroit multifamily properties sold together as one package (no individual property sales).; 14299 Fordham St is fully renovated and occupied, operating as a single‑room rental with 62 rentable beds at $450–$595 per bed per month.; 14296 Glenwood St: 20‑unit building approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved.
