34000 Fernwood Street
Westland, MI, 48186 $ 3,150,000
Bedrooms3 Baths1.0 Sq 1,291 Monthly Estimate*
$ 19,889
for $3,150,000 with 3 bedrooms and 1 full bath. This 1,291 square foot home was built in 1959 on a lot size of 0.24.
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*
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FeaturesGeneralHeating Forced Air
Possession Negotiable (Possession)
Garage Detached Garage
Water Public Water
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1959
Subdivision Cherry Hill Plaza Sub 2 MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 159529
Ownership LLC
Municipality Westland
Sale/Rent For Sale
Status Detail 0
Structure Style 1 Story
Area Westland (82081)
Primary City Westland
City Westland
School District Wayne-Westland Community SD
Financial Terms Cash Conventional
Legal Description 21K321 LOT 321 CHERRY HILL PLAZA SUB NO 2 T2S R9E L82 P68 69 70 WCR
DOM 8
Postal Code 48186
Price Per Sq Ft Total AG 2439.97
Public Remarks This property is being offered as a 19 unit single family rental portfolio across Southeast Michigan
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ExteriorFrontage 47
Lot Size Area 0.24
Lot Dimensions 47x168x127x106
Waterfront Y/N No
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InteriorBeds 3
Fireplace? No
Total Number of Units 19
Fuel Type Natural Gas
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* Excluded FeaturesList ByTravis ScottListing Agent
travis@thescotthometeam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $19,889
- Monthly Property Taxes
- $542
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Westland, MI
Average List Price $2,194,967
Percent of Sale Price 30%
About Westland, MI 83,871 Population
-3% Since 2002
$ 45,019 Median Income
39.81 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
759487 Elementary School
759476 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/24/2026 | $3,150,000 | | Listed Price |