18036 SCHOENHERR St, Detroit, MI 48205

This portfolio consists of six multifamily properties in Detroit being sold together as a single package; the seller will not consider individual property sales. One asset, located at 14299 Fordham Street, is fully renovated and currently operating as a single-room rental setup with 62 rentable beds. Reported rent ranges are $450 to $595 per month per bed.

The remaining five properties are positioned for redevelopment. 14296 Glenwood Street is described as a 20-unit apartment building that is approximately 50% rehabilitated, with rough electrical and plumbing work completed and approved. The Schoenherr Street properties at 18036 and 18055 are described as 30-unit and 20-unit buildings, respectively, with brick exteriors cleaned out, boarded, secured, and dried-in. 18029 Schoenherr Street is described as an 18-unit building with the same cleaned-out, boarded, secured, and dried-in condition. 10820 Schoolcraft Road is described as an 18-unit apartment building with the same general condition and preparation.

For investors or developers seeking scale in one transaction, the package includes both an operating asset and vacant properties that have been cleaned out and secured as a foundation for further renovation. Proof of funds is required prior to any showings, and the seller requests that interested parties drive by the properties before requesting tours.