18029 SCHOENHERR St, Detroit, MI 48205

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.