14299 Fordham Street, Detroit City, MI 48205
Wayne County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Other
Year Built
1928
Living Area
10,310 sq ft
Lot Size
0.09 acres
Lot Dimensions
103x54x103x54
Days on Market
25
MLS® Listing#
20261044149
Property Features
- Cooling:
- None
- Heating:
- Forced Air, Natural Gas
- Basement:
- Unfinished
- Pool:
- None
- Construction:
- Brick
- Foundation:
- Block
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $515
- Assessed Value:
- $104,915
- Parcel #:
- W21I019862S
Directions
south of 7 mile rd and e of chalmers
Affordability Calculator
$600,000
Estimated monthly payment
$15,967/mo
Principal $2,399,999 · Est. interest $3,348,212 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $231,784
- Median Listing Price
- 81
- Median Days on Market
- 1,425
- Median Sq Ft
- $146
- Median Price / Sq Ft
- 13,948
- Active Listings
- This home’s price is 1194% above the area median.
- Its price per sq ft is 99% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
- 14299 Fordham Street, Detroit City, MI 48205
Nearby Schools
Adult Education Center
School · 0.4 mi away
Pulaski Elementary Middle School
Elementary · 0.4 mi away
Heilmann Park Middle School
School · 0.7 mi away
Heilmann Park Elementary School
Elementary · 0.9 mi away
Trix Elementary School
Elementary · 0.9 mi away
Regent Park Scholars school
School · 0.9 mi away
Denby High School
Secondary · 1.0 mi away
Fleming Elementary School
Elementary · 1.1 mi away
Turning Point Academy
School · 1.1 mi away
Pulaski Elementary-Middle School
Elementary · 1.3 mi away
Academy of Warren
School · 1.3 mi away
Osborn High School
Secondary · 1.4 mi away
Wilkins Elementary School
Elementary · 1.4 mi away
Brenda Scott Academy
School · 1.5 mi away
Carleton Elementary School
Elementary · 1.6 mi away
Wayne Elementary School
Elementary · 1.6 mi away
Ats Educational Services
School · 1.6 mi away
Van Dyke Public Schools
Elementary · 1.7 mi away
Crescentwood Elementary School
Elementary · 1.7 mi away
Eaton Academy
School · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Moving Cost Estimate
EXIT Agents in Detroit City
Listing Courtesy: EXP Realty Main - 8885017085
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.