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For sale
  • $3,150,000

    12739 Sherman Ave, Warren, MI 48089

    4beds
    870sqft
    : 
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    Multi Family
    Built in 1953
    -- sqft lot
    $-- Zestimate®
    $3,621/sqft
    $-- HOA

    What's special

    This property is being offered as a 19 unit single family rental portfolio across Southeast Michigan, sold together as one transaction. It is a turnkey package for an investor who wants real scale on day one instead of piecing it together one house at a time. All 19 homes are occupied and producing, with $343,380 in gross annual rent already in place and professional management running the day to day. The homes are spread across 11 established metro Detroit suburbs in Macomb, Oakland, and Wayne counties, so the income sits across a wide footprint instead of riding on one neighborhood. The mix is mostly three bedroom single family homes, with several four bedroom and multi bath homes in the group. Many of the homes have been renovated, with a handful fully redone in 2024 and 2025. 15 of the 19 homes are on month to month leases, which gives a new owner room to move below market rents toward market on a normal turn and renewal cycle. Tenants cover their own utilities. A full Offering Memorandum with verified financials, the rent roll, taxes, insurance, and full expense detail is available as a private document to qualified buyers under NDA. The 19 homes included in this offering: 22700 Arcadia, St. Clair Shores 61 Madison, Clawson 164 and 160 W Muir, Hazel Park 26135 Groveland, Madison Heights 26096 Delton, Madison Heights 21751 Bournemouth, Harper Woods 19537 E 12 Mile, Roseville 22020 Dante, Oak Park 21925 Elroy, Warren 12739 Sherman, Warren 11043 Hupp, Warren 15687 Ash, Eastpointe 22020 Sunset, Oak Park 32325 Parkwood, Westland 23021 Almond, Eastpointe 20237 Midway, Southfield 20640 Westhaven, Southfield 22456 Gascony, Eastpointe 34000 Fernwood, Westland Request the private Offering Memorandum and schedule your portfolio review today before someone else does. *Property is occupied please do not approach*
    12 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Travis C Scott 989-301-1330,

    EXP Realty 888-501-7085,

    Macey Scott 989-301-1330,

    EXP Realty

    Source: MiRealSource,MLS#: 50212575MLS LogoOriginating MLS: East Central Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 870
      • Total interior livable area: 870 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Frontage length: 56
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 56 x 106 x 56 x 106
      Details
      • Parcel number: 121335404023

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Foundation: Slab
      Condition
      • Year built: 1953

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: Public Sanitary
      • Water: Public

      Community & HOA

      Community
      • Subdivision: John F Keys Keyslawn Estates
      Location
      • Region: Warren

      Financial & listing details

      • Price per square foot: $3,621/sqft
      • Tax assessed value: $78,680
      • Annual tax amount: $1,747
      • Date on market: 6/24/2026
      • Cumulative days on market: 18 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Ownership type: LLC
      • Total actual rent: 1510

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,421/mo

        Price history

        DateEventPrice
        6/24/2026Listed for sale$3,150,000+7775%$3,621/sqft
        Source: MiRealSource #50212575 Report a problem
        8/31/2021Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        8/27/2021Listed for rent$1,350+35%$2/sqft
        Source: Zillow Rental Network Premium Report a problem
        1/16/2020Listing removed$1,000$1/sqft
        Source: Epic Property Management, LLC Report a problem
        12/31/2019Listed for rent$1,000+33.3%$1/sqft
        Source: Epic Property Management, LLC Report a problem
        4/16/2019Sold$40,000-11.1%$46/sqft
        Source: Public Record Report a problem
        8/15/2018Sold$45,000+0.2%$52/sqft
        Source: Public Record Report a problem
        7/2/2018Listed for sale$44,900+6.9%$52/sqft
        Source: Powell Real Estate #218060425 Report a problem
        7/12/2016Listing removed$42,000$48/sqft
        Source: Powell Real Estate #216030275 Report a problem
        4/2/2016Listed for sale$42,000-30%$48/sqft
        Source: Powell Real Estate #216030275 Report a problem
        1/8/2016Listing removed$750$1/sqft
        Source: Chuck Michael LLC Report a problem
        12/8/2015Listed for rent$750-3.2%$1/sqft
        Source: Chuck Michael LLC Report a problem
        10/18/2015Listing removed$775+3.3%$1/sqft
        Source: Powell Real Estate #TBD Report a problem
        8/13/2015Price change$750-3.2%$1/sqft
        Source: Chuck Michael LLC Report a problem
        8/11/2015Listed for rent$775$1/sqft
        Source: Powell Real Estate #TBD Report a problem
        11/18/2014Listing removed$775$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        10/20/2014Price change$775-3.1%$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        8/19/2014Listed for rent$800+10.3%$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        4/30/2012Listing removed$725$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        3/31/2012Listed for rent$725$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        1/20/2012Listing removed$725$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        12/22/2011Listed for rent$725$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        6/21/2011Listing removed$725$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        4/23/2011Listed for rent$725$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        2/7/2011Listing removed$725$1/sqft
        Source: Watch Dog Property Mgmt Report a problem
        9/11/2008Sold$60,000+252.9%$69/sqft
        Source: Public Record Report a problem
        1/4/2008Sold$17,000-81.1%$20/sqft
        Source: MiRealSource #145830 Report a problem
        9/28/2004Sold$90,000+15.4%$103/sqft
        Source: Public Record Report a problem
        7/12/2001Sold$78,000+30.1%$90/sqft
        Source: Public Record Report a problem
        12/14/1998Sold$59,950$69/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,702 +4%$39,340 +4.5%
        2024$1,637 +4.4%$37,640 +33.7%
        2023$1,568 +2.4%$28,160 +19.7%
        2022$1,531 +0%$23,530 +5.8%
        2021$1,531 $22,230 +8.2%
        2020$1,531 +47.6%$20,540 +7.7%
        2019$1,037 -17.7%$19,080 -0.8%
        2018$1,261 $19,240 +2.2%
        2017-- $18,820
        2016-- $18,820 -2.6%
        2015-- $19,330 +17.8%
        2012-- $16,410
        2010-- --
        2009-- $30,370 -14.7%
        2008-- $35,610 -5.8%
        2007-- $37,810 +1.5%
        2006-- $37,240 +4.5%
        2005-- $35,640 +5%
        2004-- $33,930 +44.3%
        2001$896 +3.4%$23,520 +3.2%
        2000$867 $22,800

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 48089

        Getting around

        56 / 100
        Somewhat Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Van Dyke Public Schools

        Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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