10820 Schoolcraft St, Detroit, MI

Name: 10820 Schoolcraft St, For Sale in Detroit - Zoocasa
Brand: EXP Realty Main
SKU: 20261044001
Price: 2999999 USD

House

For Sale

Listed price in listed location currency (USD).

$2,999,999

0170

MLS® 20261044001

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 8516 sqft

Garage

Taxes $224

Days Active 0

Lot Size 0.09 Acres

Approx. Age 1930

Avg. Price Per Sqft $352

MLS® Number 20261044001

Property Address: 10820 Schoolcraft St, Detroit, MI, 48238-2280

Average square foot calculated using Size range provided by listing agent.

Description

**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.

MLS® Number20261044001

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1930

BasementUnfinished

Driveway

Garage Spaces

HeatNatural Gas, Other Heating Source

A/C

Extras

Map

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