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38 HOME PORTFOLIO - DETRIOT 38 Multifamily Properties Offered at $1,800,000 in Multiple Locations

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Investment Highlights

38 HOMES AND DUPLEXES PORTFOLIO- 33 OCCUPIED
15% CAP RATE FULLY OCCUPIED

TURNKEY INVESTMENT

Executive Summary

ARG REAL ESTATE
THE TARICK SALMACI GROUP
38-UNIT DETROIT RESIDENTIAL INVESTMENT PORTFOLIO
LIST PRICE: $1,800,000
----------------------------------------
PORTFOLIO SNAPSHOT
• 38 Residential Rental Units
• 33 Occupied Units
• 5 Vacant Units
• Occupancy: 86.8%
• Current Annual Gross Income: $381,780
• Pro Forma Annual Gross Income: $432,780
• Estimated Annual Property Taxes: $40,000
• Estimated Annual Water Expense: $40,000
• Liability Insurance: Approximately $8,000 Annually
• Estimated Current NOI: $293,780
• Estimated Current Monthly NOI: $24,482
• Estimated Current Cap Rate: 12.8%
• Estimated Pro Forma NOI: $344,780
• Estimated Pro Forma Monthly NOI: $28,732
• Estimated Pro Forma Cap Rate: 15.0
Buyer broker to be compensated by buyer agent.

OFFERING MEMORANDUM- JUNE2026

RENT ROLL

TAX SCHEDULE

PROFIT AND LOSS

Property Facts

Price	$1,800,000	Number of Properties	38
Price / SF	$37.78 / SF	Individually For Sale	0
Cap Rate	19.15%	Total Building Size	47,649 SF
Sale Type	Investment	Total Land Area	1.31 AC
Status	Active

Price	$1,800,000
Price / SF	$37.78 / SF
Cap Rate	19.15%
Sale Type	Investment
Status	Active
Number of Properties	38
Individually For Sale	0
Total Building Size	47,649 SF
Total Land Area	1.31 AC

Properties

Property Name / Address	Property Type	Size	Year Built	Individual Price
8629 Pembroke Ave, Detroit, MI 48221	Multifamily	3,879 SF	1959	-
18938 Prevost St, Detroit, MI 48235	Multifamily	2,106 SF	1940	-
19727 Ward St, Detroit, MI 48235	Multifamily	1,904 SF	1946	-
20030 Wexford St, Detroit, MI 48234	Multifamily	1,728 SF	1948	-
16676 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,599 SF	1950	-
5590 Lakeview St, Detroit, MI 48213	Multifamily	1,554 SF	1936	-
16424 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,500 SF	1951	-
16708 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,368 SF	1951	-
5950 Marseilles St, Detroit, MI 48224	Multifamily	1,300 SF	1947	-
16680 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,299 SF	1950	-
20541 Moross Rd, Detroit, MI 48224	Multifamily	1,292 SF	1942	-
13893 Bringard Dr, Detroit, MI 48205	Multifamily	1,279 SF	1946	-
17010 Chandler Park Dr, Detroit, MI 48224	Multifamily	1,270 SF	1940	-
16468 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,224 SF	1950	-
16428 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,202 SF	1950	-
16482 Edmore Dr, Detroit, MI 48205	Multifamily	1,100 SF	1947	-
19947 Moross Rd, Detroit, MI 48224	Multifamily	1,100 SF	1942	-
5934 Lodewyck St, Detroit, MI 48224	Multifamily	1,100 SF	1949	-
19180 Riverview St, Detroit, MI 48219	Multifamily	1,096 SF	1954	-
512 Marquette Dr, Detroit, MI 48214	Multifamily	1,021 SF	1947	-
16436 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16472 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16690 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16700 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
20019 Revere St, Detroit, MI 48234	Multifamily	1,000 SF	1942	-
16710 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16686 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16400 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16404 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16418 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16440 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16500 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
16502 E 8 Mile Rd, Detroit, MI 48205	Multifamily	1,000 SF	1950	-
19945 Moross Rd, Detroit, MI 48224	Multifamily	1,000 SF	1950	-
16414 E 8 Mile Rd, Detroit, MI 48205	Multifamily	974 SF	1951	-
20142 Schaefer Hwy, Detroit, MI 48235	Multifamily	900 SF	1947	-
21731 Moross Rd, Grosse Pointe, MI 48236	Multifamily	850 SF	1943	-
19985 Kingsville St, Harper Woods, MI 48225	Multifamily	1,000 SF	1940	-

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16414 E 8 Mile Rd, Detroit, MI - Aerial map view

(313) 451-0202

Contact

Tarick Salmaci
ARG AMERICAN REALTY GROUP

Listing ID: 38121165
Date on Market: 10/17/2025
Last Updated:
Address: 38 HOME PORTFOLIO - DETRIOT, Detroit, MI

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38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 1 of 40 — 16468 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 2 of 40 — 16472 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 3 of 40 — 16676 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 4 of 40 — 17010 Chandler Park Dr

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 5 of 40 — 19482 Archer St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 6 of 40 — 19727 Ward St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 7 of 40 — 20030 Wexford St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 8 of 40 — 5934 Lodewyck St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 9 of 40 — 16482 Edmore Dr

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 10 of 40 — 16680 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 11 of 40 — 16686 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 12 of 40 — 16690 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 13 of 40 — 16700 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 14 of 40 — 16710 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 15 of 40 — 19180 Riverview St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 16 of 40 — 19945 Moross Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 17 of 40 — 20003 Marlowe St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 18 of 40 — 20142 Schaefer Hwy

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 19 of 40 — 20541 Moross Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 20 of 40 — 5050 Grayton St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 21 of 40 — 512 Marquette Dr

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 22 of 40 — 5590 Lakeview St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 23 of 40 — 5950 Marseilles St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 24 of 40 — 8629 Pembroke Ave

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 25 of 40 — 16400 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 26 of 40 — 20019 Revere St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 27 of 40 — 16440 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 28 of 40 — 19985 Kingsville St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 29 of 40 — 16404 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 30 of 40 — 16418 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 31 of 40 — 16500 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 32 of 40 — 16502 E 8 Mile Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 33 of 40 — 20449 Gallagher St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 34 of 40 — 20450 Gallagher St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 35 of 40 — 8078 Rolyat St

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 36 of 40 — 8791 E Outer Dr

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 37 of 40 — 13893 Bringard Dr

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 38 of 40 — 21731 Moross Rd

38 HOME PORTFOLIO - DETRIOT portfolio of 38 properties for sale on LoopNet.com Aerial- Image 39 of 40 — PORTFOLIO

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38 HOME PORTFOLIO - DETRIOT

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