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DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES 38 Multifamily Properties Offered at $2,200,000 in Multiple Locations

Apartment Buildings Michigan Detroit DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES

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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: $2,200,000
----------------------------------------
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

Attachments

OFFERING MEMORANDUM- JUNE2026
RENT ROLL
TAX SCHEDULE
PROFIT AND LOSS

Property Facts

Price $2,200,000 Number of Properties 38
Price / SF $45.83 / SF Individually For Sale 0
Cap Rate 15.64% Total Building Size 48,007 SF
Sale Type Investment Total Land Area 1.16 AC
Status Active
Price $2,200,000
Price / SF $45.83 / SF
Cap Rate 15.64%
Sale Type Investment
Status Active
Number of Properties 38
Individually For Sale 0
Total Building Size 48,007 SF
Total Land Area 1.16 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 1,500 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 -
16414 E 8 Mile Rd, Detroit, MI 48205 Multifamily 1,200 SF 1951 -
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 -
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 -
Show More > < Show Less
1 1
16414 E 8 Mile Rd, Detroit, MI - Aerial map view
(313) 451-0202

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Contact

  • Listing ID: 38121165

  • Date on Market: 10/17/2025

  • Last Updated:

  • Address: DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES, Detroit, MI

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 1 of 40
16468 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 2 of 40
16472 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 3 of 40
16676 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 4 of 40
17010 Chandler Park Dr
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 5 of 40
19482 Archer St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 6 of 40
19727 Ward St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 7 of 40
20030 Wexford St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 8 of 40
5934 Lodewyck St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 9 of 40
16482 Edmore Dr
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 10 of 40
16680 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 11 of 40
16686 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 12 of 40
16690 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 13 of 40
16700 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 14 of 40
16710 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 15 of 40
19180 Riverview St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 16 of 40
19945 Moross Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 17 of 40
20003 Marlowe St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 18 of 40
20142 Schaefer Hwy
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 19 of 40
20541 Moross Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 20 of 40
5050 Grayton St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 21 of 40
512 Marquette Dr
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 22 of 40
5590 Lakeview St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 23 of 40
5950 Marseilles St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 24 of 40
8629 Pembroke Ave
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 25 of 40
16400 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 26 of 40
20019 Revere St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 27 of 40
16440 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 28 of 40
19985 Kingsville St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 29 of 40
16404 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 30 of 40
16418 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 31 of 40
16500 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 32 of 40
16502 E 8 Mile Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 33 of 40
20449 Gallagher St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 34 of 40
20450 Gallagher St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 35 of 40
8078 Rolyat St
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 36 of 40
8791 E Outer Dr
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 37 of 40
13893 Bringard Dr
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Primary Photo- Image 38 of 40
21731 Moross Rd
DETROIT PORTFOLIO- 38 HOMES AND DUPLEXES portfolio of 38 properties for sale on LoopNet.com Aerial- Image 39 of 40
PORTFOLIO
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