Multifamily Portfolio for
For Sale
$2,999,999
18055 Schoenherr St, Detroit, MI 48205
Six Detroit apartment buildings offered together, including an occupied renovated property and five vacant or partially rehabbed buildings.
Property Size40,604 SF
Days on Market53
Property Features for 18055 Schoenherr St
General Information
Standard status
Active
Size
40,604 SF
Property subtype
Investment
Additional Details
Multifamily Units
168
Taxes and HOA fees
Annual Taxes
$9,099
Building Details
Building Size
40,604 SF
Year Built
1929
Units
60
Tenancy
Multi
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 5:47AM
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.
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
Current Use
Lease Details
168
Residential units
Multi-tenant
Tenancy
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
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Frequently Asked Questions
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.
