18055 Schoenherr Street, Detroit, MI 48205
Local realty services provided by:CENTURY 21 Signature Realty
18055 Schoenherr Street,Detroit, MI 48205
$2,999,999
- - Beds
- 60 Baths
- 40,604 sq. ft.
- Multi-family
- Active
Listed by: john goci
Office: exp realty main
MLS#:20261044166
Source:MI_REALCOMP
Price summary
- Price:$2,999,999
- Price per sq. ft.:$73.88
About this home
**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....
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Home facts
- Year built:1929
- Listing ID #:20261044166
- Added:7 day(s) ago
- Updated:June 20, 2026 at 10:08 AM
Rooms and interior
- Total bathrooms:60
- Full bathrooms:60
- Basement Description:Finished
- Living area:40,604 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1929
- Building area:40,604 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Upper Lower Apartment
- Construction Materials:Brick
- Foundation Description:Basement, Poured
- Levels:Story 4 to 10
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,999,999
- Price per sq. ft.:$73.88
- Tax amount:$9,099
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