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28 Baths
16,860 sqft

$2,999,999

18036 SCHOENHERR Street, Detroit City Wayne Michigan, 48205

Price per sqft$177.94
Built in1938
Property size16,860 sqft
Property typeMulti-family

Overview

Active

Listed Jun 12, 2026

Updated 3 weeks ago

**Detroit Multifamily Portfolio – 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** – 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** – 20-unit apartment building approximately 50% rehabilitated. Rough electrical and plumbing work have been completed and approved. • **18036 Schoenherr Street** – 30-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in. • **18055 Schoenherr Street** – 20-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in. • **18029 Schoenherr Street** – 18-unit apartment building. Brick exterior, cleaned out, boarded, secured, and dried-in. • **10820 Schoolcraft Road** – 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.

$19,959/mo

Est. mortgage payment based on a $2,999,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261044189

Interior Features

Bathrooms
28
Basement
Yes

Exterior Features

Lot Size
0.3 Acres

Other Property Details

Taxes
$16,317
Tax Frequency
Annually
Pets Allowed
Yes
55+/Senior Community
No

 

Courtesy of EXP Realty Main

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Data last updated 6:59 AM UTC, 9/10/2026

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