10820 Schoolcraft Street,Detroit, MI 48238
Detroit, MI 48238
Description
**Detroit Multifamily Portfolio â" Portfolio Sale Only** Rare opportunity to acquire a portfolio of six multifamily properties in the City of Detroit. **All six properties are being sold together as a single portfolio package. The seller will not consider the sale of individual properties at this time.** The current owner/developer is located out of state and has decided to sell the entire portfolio rather than continue managing the project remotely. This package presents investors and developers with a unique opportunity to complete a large-scale multifamily redevelopment project with substantial upside potential. The portfolio includes: ⢠**14299 Fordham Street** â" Fully renovated and occupied. Currently operating as a single-room rental property featuring 62 rentable beds with rents ranging from **$450 to $595 per month per bed**. ⢠**14296 Glenwood Street** â" 20-unit apartment building approximately 50% rehabilitated. Rough electrical and plumbing work have been completed and approved. ⢠**18036 Schoenherr Street** â" 30-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in. ⢠**18055 Schoenherr Street** â" 20-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in. ⢠**18029 Schoenherr Street** â" 18-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in. ⢠**10820 Schoolcraft Road** â" 18-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in. The vacant properties have been cleaned out and secured, providing a strong foundation for investors looking to complete renovations and maximize long-term cash flow. With a combination of existing income and significant value-add potential, this portfolio offers a rare opportunity to acquire scale in one transaction. Proof of funds required prior to any showings. Please drive by the properties prior to requesting showings.
Details
| MLS # | 61001641 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 143 |
| Listing Provided By | EXP Realty Main | John Goci |
Features
| Bath(s) | 17 Total |
|---|---|
| SQ Feet | 8,516 |
| Basement | Y |
| Units | 17 |
| Zoning | Multi-Family |
| Acreage | 0.09 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Other |
| Heating Yes / No | Yes |
| Heating | Other-See Remarks |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement |
Other
| List Aor | Real Comp |
|---|
Taxes
| Property | 224 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48238 |
| Area | Detroit (82001) |
| Listing VS Median (in 48238) | |
Price: $2,999,999 low | high Med: $94,000 sqft: 8,516 low | high Med: 1,100 $ / sqft: $352 low | high Med: $85 On site: 143 low | high Med: 207 | |
Market Activity 48238
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48238 |
| Area | Detroit (82001) |
| Listing VS Median (in 48238) | |
Price: $2,999,999 low | high Med: $94,000 sqft: 8,516 low | high Med: 1,100 $ / sqft: $352 low | high Med: $85 On site: 143 low | high Med: 207 | |
